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Canada second most expensive country for data breaches: IBM and Ponemon Institute study

June 20, 2017 by Canadian Underwriter

Canada was the second most expensive country for data breaches, costing an average of $255 per lost or stolen record in 2017, according to a new report sponsored by IBM Security and conducted by the Ponemon Institute. Released on Tuesday,

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Breach Notification

January 2, 2017 Greg Meckbach, Associate Editor

Federal regulations requiring organizations to notify individuals of data breaches that could potentially expose them to harm will probably be in place this year and could cause an increase in class-action lawsuits, lawyers familiar with privacy laws suggest. The Digital

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Filling the Breach

November 6, 2016 Eduard Goodman, Chief Privacy Officer, IDT911

Insurers in Canada need to prepare for the new federal breach notification law, the back-end details of which could be ready within the next 12 months. Although the rule-making phase is not yet complete, a big change in direction is not anticipated, with the information provided to date likely offering a solid blueprint for the final rules.

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One in five risk managers surveyed not sure whether their cyber insurance policy covers data in cloud servers: RIMS

October 11, 2016 by Canadian Underwriter

Four in five risk managers surveyed said their company has a stand-alone cyber insurance policy, though only three in four reported their policy covers network/business interruption, Risk and Insurance Management Society Inc. said in the 2016 RIMS Cyber Survey, released