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How Smart is Your Contract? Legal Considerations Around Smart Contracts
In a 2016 report by the World Economic Forum,[1] it was suggested that smart contracts based on blockchain technology could potentially codify financial agreements in a shared platform and guarantee execution based on mutually agreed conditions. This would significantly reduce...
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Connected and Protected: Insuring Your Business Against Cyber Breaches
It was not long ago that a company’s cybersecurity plan was centred around the IT department, keeping internal networks protected and staying alert to malware and virus threats. Now, the risks have evolved: as companies have moved to more cloud...
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It’s Official: Mandatory Data Breach Notification Coming on November 1, 2018
Last week, the Government of Canada published an Order in Council that will bring into force, as of November 1, 2018, the much anticipated mandatory breach notification and record-keeping requirements under the Personal Information Protection and Electronic Documents Act (“PIPEDA”)....
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Key Cybersecurity Takeaways from the Privacy Commissioner’s Investigation into VTech
Earlier this year, the Office of the Privacy Commissioner of Canada (the “OPC”) published its findings from the investigation it conducted into the data breach suffered by VTech. The OPC’s findings provide Canadian businesses with some helpful guidance about (i)...
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Cybersecurity Considerations When Moving to the Cloud – Part 2
This Article is Part Two of a Two-Part Series Part One provides an overview of the essential elements of the cloud computing ecosystem and describes what it means to be in the cloud. It concludes by setting out the first...
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Cybersecurity Considerations When Moving to the Cloud – Part 1
This Article is Part One in a Two-Part Series Many organizations view the cloud as a cost-effective and practical approach when it comes to data processing, access, storage and management. A common misconception among organizations migrating their data to the...
Enquête du Commissaire à la protection de vie privée : Leçons en matière de cybersécurité
Récemment, le Commissariat à la protection de la vie privée du Canada (le « Commissariat ») a publié ses conclusions d’enquête concernant la cyber-attaque subie par le manufacturier de jeux vidéo Vtech. Les conclusions d’enquête du Commissariat constituent un guide utile pour...
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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...
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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...
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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...
