The increasing cyber security threat continues to raise a series of privacy risks for organizations. The Office of the Privacy Commissioner of Canada (OPC) has been regularly focusing on cyber security in letters of findings and guidance and, most recently, in a report, entitled “Privacy and Cyber Security: Emphasizing privacy protection in cyber security activities”.
A nightmare scenario for any business: you’ve been hacked. The hackers have gained access to countless client records including credit card and other financial data. The expense of dealing with the breach, and the damage to business reputation could be crippling. How best can businesses insure themselves against this and other cyber risks, and what are the legal issues involved?