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data breach

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Global Affairs Canada investigating ‘malicious’ cyberattack and data breach

January 31, 2024 by Jason Contant

OTTAWA – Global Affairs Canada announced Tuesday it is investigating a cyberattack and data breach that has forced it to limit remote access to its networks. The department said in a statement, which confirmed earlier media reports, that early results

Cloud computing and global cyberattack concept
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Why systemic cyber remains an industry risk

January 30, 2024 by Jason Contant

Editor’s Note: An earlier version of this article said that CFC established the cyber monitoring centre when in fact they were the driving force behind its establishment. As well, the article implied that the centre has a link to insurance

Data breach
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Human error may have caused data breach involving thousands in P.E.I.

July 11, 2023 The Canadian Press

CHARLOTTETOWN – Prince Edward Island says the personal information belonging to thousands of people may have been part of a privacy breach caused by human error.   It says the information of 5,600 clients enrolled in a provincial employment program was

Global data breach
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Nova Scotia identifies thousands more victims of data hack

June 15, 2023 Marlo Glass - THE CANADIAN PRESS

HALIFAX – Nova Scotia Cybersecurity Minister Colton LeBlanc says his department has identified thousands more people affected by a recent global data breach, and this week it is beginning the process of notifying the “most vulnerable” victims of the hack.

Hacker attack and data breach
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Nova Scotia identifies thousands of stolen records in global security breach  

June 12, 2023 Keith Doucette - THE CANADIAN PRESS

HALIFAX – Officials in Nova Scotia have identified thousands of files stolen in a global data breach affecting the personal information of at least 100,000 people in the province.   Cybersecurity and Digital Solutions Minister Colton LeBlanc said Friday that a

Woman lamenting as two computer screens show her system has been hacked.
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Will cyber bonds help reinsurers transfer risk?

February 3, 2023 Philip Porado

Can reinsurers transfer cyber risk to the capital markets? We may be close to finding out. Recently, two announcements about the issuing of insurance-linked securities (ILS) show there’s a potential to create a broader reinsurance source for cyber risk, said

Hacker attack and data breach
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Quebec court approves $200.9M settlement against Desjardins over data breach

June 20, 2022 The Canadian Press

MONTREAL – The Superior Court of Quebec has approved a nearly $200.9-million settlement of a class-action lawsuit against Desjardins over a data breach – the largest to date in the Canadian financial services sector. Siskinds Desmeules and Kugler Kandestin say

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Desjardins settles 2019 data breach class action lawsuit for up to nearly $201M

December 17, 2021 The Canadian Press

MONTREAL – Financial services firm Desjardins Group will pay up to nearly $201 million to settle a class-action lawsuit related to a data breach in 2019 that affected nearly 9.7 million Canadians. The agreement, which is subject to approval by

Blue circuitry digital lock on binary code
News Insurance

How to secure your brokerage’s data

August 23, 2021 Canadian Underwriter Staff

Brokers must secure their client data to protect their trusted advisor status, a cyber insurance provider has warned. “What many brokers fail to realize is that when customers engage them as a trusted risk advisor, it implies they’re also trusting

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Canada Post says 950,000 customers potentially exposed to supplier data breach

May 28, 2021 The Canadian Press

OTTAWA – Canada Post says more than 950,000 customers were potentially exposed in a data breach attack on one of its suppliers. The Crown agency says it was informed by Commport Communications earlier this month that the manifest data held

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Series of gaps allowed massive Desjardins data breach, privacy watchdog says

December 15, 2020 Jim Bronskill - THE CANADIAN PRESS

OTTAWA – A series of technological and administrative gaps caused a high-profile data breach at Desjardins – the largest to date in the Canadian financial services sector, the federal privacy watchdog has found. Privacy commissioner Daniel Therrien said Monday that

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Cybersecurity poll finds 84% rethink engaging with businesses hit by data breach

September 30, 2020 The Canadian Press - David Paddon

TORONTO – A large majority of Canadians are reluctant to do business with companies that suffer a data breach, according to a new study released Monday by KPMG. The report also says about one-quarter of the people surveyed for the