Category: Cybersecurity

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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…

Viewpoint: Preserving Privilege over Communications in the Aftermath of a Data Breach

November 1, 2016

While there are no guarantees as to which communications will ultimately be protected by privilege, a company can increase its odds of creating a sphere of privilege-protected communications in the aftermath of a data breach by giving consideration to such issues in structuring its internal investigations. Below we highlight lessons learned from the decision of the United States District Court…

Cybersecurity Data Breaches and Mandatory Privacy Breach Reporting: Lessons from Alberta

October 19, 2016

In an increasingly interconnected and digitized world, data breaches have become ever more common. The wealth of personal information that corporations have in their possession means that such breaches can occur in even the most benign circumstances. Although many corporations have developed sophisticated privacy and cybersecurity protocols to minimize these risks, data breaches have become a feature of 21st century…

Cybersecurity Q&A: What Canadian Companies Need to Know about the EU’s New Data Protection Law

October 12, 2016

A consequence of the unconstrained international flow of information is that domestic data protection laws increasingly have implications abroad. The recent overhaul in the European Union’s data protection laws is a prime example of this, which will have implications for Canadian organizations of all sizes and types.

Data Breach Litigation: Lessons Learned from U.S. and Canadian Actions

October 5, 2016

The number and frequency of data breaches continues to rise. Many data breaches have resulted in court actions both in Canada and the U.S. Guest speaker Doug Meal of Ropes & Gray LLP has been counsel on many of the most high-profile U.S. data breach actions. He has handled claims stemming from data security breaches suffered by Target, Neiman Marcus,…

Big Data, Big Risk? Privacy and Security Tips for Fintech Companies

September 20, 2016

Many fintech companies collect and process vast amounts of data in order to provide financial services quickly and inexpensively. Much of this data is highly sensitive personal information such as date of birth, social insurance number, bank account details, online banking credentials and credit score. The sheer volume of the information increases its sensitivity because over time a fintech company…

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