For the first time, September 30 will mark the National Day for Truth and Reconciliation. This public holiday under the Federal Holidays Act and the Canada Labour Code is meant to give federal public servants and federally regulated employees an opportunity to recognize the legacy of residential schools.
Canada's banking regulator recently updated its Technology and Cyber Security Incident Reporting requirements for financial institutions to disclose and report cybersecurity incidents. And, for the first time since 2013, it updated its Cyber Security Self-Assessment tool.
Data breaches costed companies $4.24 million per incident on average–the highest cost in the 17-year history of the report. It turns out that security incidents became more costly (10 percent more than last year) and more difficult to contain due to drastic operational shifts during the pandemic.