Key Lessons from Federal Trade Commission’s 2017 Report on Privacy and Data Security
On January 18, 2018, the U.S. Federal Trade Commission (the “FTC”) released its annual report on Privacy & Data Security for 2017 (the “Report”). The Report reviews the FTC’s privacy and data security related activities in 2017, including in the...
Federal Budget Allocates Significant Funds towards Cybersecurity
On February 27, 2018, the Minister of Finance tabled Budget 2018 – Equality + Growth: A Strong Middle Class (the “Budget”) before Parliament. The Budget includes investments in several key areas of the Canadian economy, including in the area of...
Cybersecurity: Five Guiding Principles for Boards
Data breaches and cyber-attacks continue to represent important threats to businesses of all shapes and sizes. High-profile data breaches have prompted heightened regulatory, shareholder, and public scrutiny of boardroom preparedness. While the importance of cybersecurity at the Board level may...
Extraterritorial scope of GDPR: Do Canadian businesses need to comply?
The European Union’s General Data Protection Regulation (the “GDPR”) will be coming into force on May 25 of this year. While the GDPR has been a hot topic for some time in Europe, it has only recently begun to hit...
Senate Committee Report On Autonomous Vehicles Emphasizes Cybersecurity and Privacy
On January 29, 2018, the Standing Senate Committee on Transport and Communications (the “Committee”) released a report titled Driving Change: Technology and the future of the automated vehicle (the “Report”), which highlighted key regulatory and technical issues related to driverless...
Canadian Tax Ramifications in Connection with Exchanging Cryptocurrency for Cash
There are now over 1,300 cryptocurrencies available online, Bitcoin being the most popular, with new initial coin offerings, or “ICOs”, being announced on what seems like a daily basis. Bitcoin made headlines at the end of 2017 as the price...
Canadian Tax Ramifications in Connection with Exchanging Cryptocurrency for Cash
There are now over 1,300 cryptocurrencies available online, Bitcoin being the most popular, with new initial coin offerings, or “ICOs”, being announced on what seems like a daily basis. Bitcoin made headlines at the end of 2017 as the price...
Cybersecurity In Canada: What to Expect in 2018
Globally, 2017 saw a year-over-year increase from 2016 in the number cyberattacks and data breaches that were reported in the media and to various regulators. Canadian organizations (public and private) were no exception to this global trend. Interestingly, attackers did...
“Smart” Entertainment on the Blockchain
Until recently, musicians and film producers would release their works hoping piracy would not do away with all of their revenue. Then they would wait as publishers, distributors, YouTube, Spotify, collectives, etc. collected royalties, took their cut and then paid...
Cybersecurity: Are Social Engineering Attacks Covered Under Insurance Policies?
Cybersecurity incidents are a popular topic of coverage in the press. These incidents range from hacking into organizations that hold a large quantity of data about clients, employees, vendors and other stakeholders to duping employees to transfer funds into fraudulent...
