Category: Latest Insights

Cybersecurity Risks: Directors and Officers Should Stop, Collaborate and Listen

October 19, 2015

The risks associated with cyber-attacks and data breaches are growing in Canada and internationally and the costs associated with an organization preventing, detecting, responding to and recovering from such an incident can be considerable. The Ponemon Institute’s May 2015 “2015 Cost of Data Breach Study: Canada”, its inaugural report on actual data breaches of Canadian companies, found the average cost…

Cybersecurity Awareness Month: Protect Your Business

October 5, 2015

Cyber-attacks can have devastating financial and reputational effects on any business. Ponemon Institute LLC’s 2015 Cost of Data Breach Study: Canada indicates that the average cost of a data breach in Canada is C$5.32-million. As part of Cybersecurity Awareness Month, we are featuring a series of relevant content for your business and legal needs on Blakes Business Class. Attached is…

Will that be cash, credit or bitcoin? The pros and cons of digital currency

September 23, 2015

Whether buying or selling, cryptocurrencies may change the way monetary transactions are conducted. Also known as digital or virtual currencies, cryptocurrencies are a unique peer-to-peer system that transfers monetary value without the exchange of physical coins or bank notes. There are many different types of cryptocurrencies available, but how they work depends on the platform that is being used. The…

How to Navigate the Law When Doing Business in Canada

September 23, 2015

Canada has weathered the recent period of international uncertainty and volatility better than most other advanced industrialized nations. It is among the world’s leading industrialized nations and is home to some of the globe’s most innovative and largest businesses. Canada has a highly skilled workforce and is a world leader in a variety of sectors, including manufacturing, high technology, energy,…

Hacked: Responding to a Cybersecurity Breach

September 22, 2015

Data breaches now represent significant litigation risks. Here are some important steps to take when your company falls victim. Cybersecurity has become a top-of-mind concern for senior C-suite executives — and it’s no surprise why, as recent data breaches against some major organizations have gained significant profile. Thus, senior executives and risk managers need to not only focus on preventing a…