Category: Cybersecurity

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Cybersecurity for Directors, Officers and Transactional Lawyers

October 27, 2017

Cybersecurity should be a critical chapter in every company’s risk management playbook. Building on prior seminars relating to pre-breach preparedness and post-breach duties, members of the Blakes Cybersecurity group will provide advanced training on the duties of directors and officers, as well as preservation of privilege. Our partners will be joined by Tim Appleby of cyber-breach response experts Mandiant. Tim…

CSA Comment on Registrants’ Cybersecurity and Social Media Practices

October 23, 2017

The Canadian Securities Administrators (CSA) have published Staff Notice 33-321 Cyber Security and Social Media (Staff Notice 33-321), which summarizes survey results of registered firms’ cybersecurity and social media practices, and provides guidance on each of the survey topics, reflecting the CSA’s expectation that registered firms will be vigilant to safeguard themselves and their clients from cyber threats. BACKGROUND Last…

IoT: Minimizing Your Privacy and Security Risks in an Interconnected World

October 12, 2017

Your printer. The water cooler. The thermostat. What do these things have in common? All of them can be connected to the Internet of Things (IoT). The IoT continued its meteoric rise in 2017 with a vast array of everyday devices joining networks around the world. Technology research company Gartner Inc. predicts there will be over 20 billion devices on…

Doing Business in Canada

October 10, 2017

The Blakes Doing Business in Canada guide is an introductory summary of the laws and regulations that affect the conduct of business in Canada.

Seminar Presentation: Cybersecurity: Pre-Breach Preparedness and Post-Breach Duties

October 5, 2017

Cybersecurity diligence and data privacy and security obligations should be a critical chapter in every company’s risk management playbook. Join us for an in-depth discussion on the growing concern over cyber breaches and how you can best prepare pre-breach and respond post-breach including: Topics Building a proactive plan to effectively and efficiently detect and respond to a breach Understanding directors’…

Infographic: Data Breach Disruptions: The Cost of Cybercrime in Canada

July 11, 2017

News about malicious cyber-attacks have been flooding media outlets in recent weeks as high-profile viruses (including WannaCry and Petya) continue to hit leading global and Canadian companies. What’s the cost here at home? In June, IBM Security and Ponemon Institute released their annual series of benchmark studies exposing the cost of data breach incidents in 13 regions around the world. The results found…

U.S. Court Upholds Privilege Claim Respecting Report Prepared Following Data Breach

June 15, 2017

Those following developments in the data breach litigation space will be interested in the recent decision, In re Experian Data Breach Litigation (In Re Experian), where the California District Court upheld a privilege claim over a forensic report prepared following a data breach. BACKGROUND This decision arises in the context of a class action brought against Experian Information Solutions Inc….

Shining a Light on the Darknet: What Every Business Should Know

March 27, 2017

The portion of the Internet that most people generally use is only one of three layers. The commonly used layer that is accessible by search engines is referred to as the clearnet or the surface web and represents only about four per cent of Internet content. In addition to the surface web, the Internet comprises the deep web and the…

Blockchain: Things to Consider Before the Securities Industry Leaves the Sandbox

January 26, 2017

There have been many articles, papers, books, seminars, roundtables and conferences around the potential for blockchain and distributed ledger technology (DLT), and announcing trials or tests of new applications for blockchain technologies, especially in the financial services industry. Regulators, recognizing the potential for these applications (as one put it in a metaphor from an older revolutionary technology) to pick up…

CSA Reports on Cybersecurity Disclosure Review

January 24, 2017

On January 19, 2017, the Canadian Securities Administrators (CSA) published Staff Notice 51-347 Disclosure of cyber security risks and incidents (Staff Notice), which reports on their broad-ranging review of the filings of the 240 constituent issuers in the S&P/TSX Composite Index concerning their disclosure of cybersecurity issues. The review focused on how cybersecurity issues have been addressed in risk factor…

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