Keyword
Digital Privacy Act
Breach notification law calls for some ‘major adjustments’
November 13, 2018 by Greg MeckbachThe Canada-wide data breach law, which has been in effect for two weeks, is pushing businesses manage cyber risk more effectively, a computer security expert says. The federal Digital Privacy Act makes it mandatory for clients to disclose data breaches…
Preparing your clients to report data breaches in Canada—and abroad
January 10, 2018 by Jason ContantWith Canada’s mandatory data breach notification provisions in the Digital Privacy Act expected to come into force this year, organizations will soon be required to report “breaches of security safeguards” that pose a “real risk of significant harm to an…
New federal law may make cyber a must-have
December 4, 2017 Greg Meckbach, Associate EditorThis may be a prime time for brokers to start selling cyber insurance to commercial clients. There is still no word on when Canada will have nation-wide mandatory breach notification, but a legal cyber specialist says companies should start to…
36% of polled Canadian firms have no cyber security insurance: FICO
June 1, 2017 by Canadian UnderwriterMore than a third of surveyed Canadian firms do not have cyber security insurance, a concerning situation made worse by an incomplete understanding of how premiums are priced and failure to do everything possible to guard against breaches, FICO notes.…
Canadian companies lag in cybersecurity investments, survey finds
May 23, 2017 by Canadian UnderwriterMore than three-quarters (76%) of surveyed Canadian executives believe that the number of data breach attempts on their firms will be higher in a year, yet fewer than half said that their organization’s investments in cybersecurity will increase in that…
Mandatory breach notification in Canada has ‘potential to effectively cause’ class-action lawsuits: PCUC speaker
November 25, 2016 Greg Meckbach, Associate EditorImpending changes to Canada’s Personal Information Protection and Electronic Documents (PIPEDA) could “effectively cause more class-action” lawsuits down the road because companies will be required to report information security breaches that pose “a real risk of significant harm,” a lawyer…
One in five risk managers surveyed not sure whether their cyber insurance policy covers data in cloud servers: RIMS
October 11, 2016 by Canadian UnderwriterFour 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…
Mandatory privacy breach notification will ‘probably be in force’ in late 2017: Insurance Telematics Canada speaker
May 2, 2016 Greg Meckbach, Associate EditorA Canada-wide regulation mandating disclosure of privacy breaches might not be in place until late 2017, an official with the Office of the Privacy Commissioner of Canada suggested Friday. In June, 2015, the Digital Privacy Act was passed into law.…
Privacy Matters
April 1, 2016 Brenda Rose, Vice President and Partner, FCA Insurance Brokers and Technology Champion, Insurance Brokers Association of CanadaBrokers clearly understand the need to respect customer privacy. With the passage of the Digital Privacy Act, that responsibility continues, but a few new ones have been added. Brokers should have a plan, choose partners wisely and identify potential liabilities.
Beazley’s data breach response insurance product now available in Canada
April 1, 2016 by Canadian UnderwriterBeazley announced Thursday it has launched its flagship breach response product in Canada, which protects the personal data of as many as five million individuals per breach. “Canada’s Digital Privacy Act, passed in 2015, will soon impose additional obligations on…