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Privacy injunctions: the judicial response to cyber ransom demands
Ransom demands from cyber terrorists have become an epidemic for businesses in Canada. As we have reported in previous articles, both for-profit and not-for profit businesses have been impacted. Governments and charities have not been spared from the destruction and...
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OSFI updates cybersecurity breach notification requirements
The Office of the Superintendent of Financial Institutions (“OSFI”) released a new Advisory on Technology and Cyber Security Incident Reporting, effective August 13, 2021 (the “Advisory”) which seeks to govern how federally-regulated financial institutions (“FRFIs”) should disclose and report technology...
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Myron Mallia-Dare speaks with Data Sentinel Inc.’s Founder and CEO on a recent episode of the Canadian RegTech Association’s podcast
RegTech Roundup, "Founder Series - Data Sentinel Inc."
Myron spoke with Mark Rowan, Founder and CEO of Data Sentinel Inc., on the latest episode of the Canadian RegTech Association’s podcast. In this episode, Myron discussed Data Sentinel’s journey of developing and commercializing its trust and compliance platform that...
Maisons en vente à la chaîne (de blocs)
Introduction Échangeriez-vous votre maison contre une œuvre d’art? Un critique d’art pourrait envisager cette possibilité. Mais quelle serait votre réaction si votre maison n’était pas échangée contre de l’art, mais contre des bitcoins? Comme une œuvre d’art, la valeur du...
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David Krebs quoted in National Magazine article on paying cyber ransoms
National Magazine, "The price of paying cyber ransoms"
Big game hunting. That’s what the cybersecurity industry calls targeting large enterprises that cannot tolerate sustained disruptions to their networks, and who are willing to pay large sums of money to quickly see their operations quickly restored following a major...
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Ransomware trickles down into your supply chain – Kaseya cyberattack highlights cybersecurity risks and business impact
Over the July long weekend, Canadian, American, and other international businesses were victims of a far-reaching ransomware attack. The REvil group, a ransomware syndicate also known as Sodin or Sodinokibi, are believed to be behind the attack. This gang’s most prominent...
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Cyberattacks in your supply chain – Canada Post data breach highlights risks
Over the past twelve months, we have seen more and more clients experiencing a variety of cybersecurity incidents. Most prominently, these have been “business email compromise” incidents as well as malware deployments, such as ransomware attacks. The latter have received...
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Canadian organizations take note – Data Protection Authority fines foreign-based business under GDPR for not having “Article 27” representative
As we have discussed in several previous articles, Canadian businesses and other organizations can be subject to the European General Data Protection Regulation (“GDPR”) for a number of reasons and in a number of different contexts, be it as a...
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Ransomware – Privacy law, sanctions, and the pandemic
It is trite to say that no matter the sector, size, or location of an organization, cyberattacks can be devastating. As we have seen throughout 2020 and this year in Canada and elsewhere, data breaches and operational interruptions caused by...
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The Consumer Privacy Protection Act (CPPA): Increasing accountability and transparency
In a recent MT Cybersecurity Blog, we discussed Bill C-11, the Consumer Privacy Protection Act (the “CPPA”), which was introduced on November 17, 2020, by the Minister of Innovation, Science and Industry with the aim of modernizing federal privacy law...
