Quebec court approves $200.9M settlement against Desjardins over data breach
June 20, 2022 The Canadian PressMONTREAL – 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…
Desjardins settles 2019 data breach class action lawsuit for up to nearly $201M
December 17, 2021 The Canadian PressMONTREAL – 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…
How to secure your brokerage’s data
August 23, 2021 Canadian Underwriter StaffBrokers 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…
Canada Post says 950,000 customers potentially exposed to supplier data breach
May 28, 2021 The Canadian PressOTTAWA – 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…
Series of gaps allowed massive Desjardins data breach, privacy watchdog says
December 15, 2020 Jim Bronskill - THE CANADIAN PRESSOTTAWA – 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…
Cybersecurity poll finds 84% rethink engaging with businesses hit by data breach
September 30, 2020 The Canadian Press - David PaddonTORONTO – 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…
Marriott data breach could cost over $200 million: AIR
December 20, 2018 by Greg MeckbachThe hacking of a hotel reservation system affecting Sheraton, Westin, Starwood and Marriott could cost up to $600 million for direct losses alone, AIR Worldwide said this week. AIR, a subsidiary of Verisk Analytics Inc. that produces catastrophe loss models,…
What workers need to learn about cyber security
December 10, 2018 Joyce M. Rosenberg - THE ASSOCIATED PRESSNEW YORK – It may seem obvious: Companies’ computers, mobile devices and accounts need secure passwords. But many small business owners don’t take the time to educate staffers about these very basic forms of cybersecurity. And staffers may not know…
Data breach risk prompts new Ontario legislation
November 30, 2018 by Greg MeckbachRecent backlashes against Statistics Canada and Facebook have prompted Ontario lawmakers to make it harder to share consumer banking information. “Financial data is especially vulnerable to hacking,” Stephen Crawford, Ontario MPP for Oakville, said Thursday at Queen’s Park in Toronto.…
Half a billion could be affected by hotel data breach
November 30, 2018 THE ASSOCIATED PRESSBETHESDA, Md. – A security breach at one of North America’s largest hotel groups, which includes the Sheraton, Westin, Starwood and Marriott brands, has exposed the personal information of as many as 500 million guests. Marriott International, Inc. said Friday…
Why cyber can be a hard sell for brokers
September 24, 2018 by Greg MeckbachData breaches are all over the news, but convincing some corporate clients to spend in the neighbourhood of $1,000 a year for insurance coverage can be an uphill battle. Some cyber insurance products cost around $100 a year, but those…
Canadian tech firm flags effect of EU’s new privacy law
August 10, 2018 by Greg MeckbachNew privacy rights for Europeans have changed the way a Canadian multinational business software provider looks at its liability risk. The European General Data Protection Regulation (GDPR) took effect May 25 and makes it mandatory for companies to disclose data…