On August 16, 2016, Public Safety Canada (“PSC”) issued a consultation paper, launching a public consultation as part of PSC’s development of an updated national cybersecurity strategy. The consultation will close on October 15, 2016. Businesses may want to consider making submissions in respect of some key questions posed around possible regulation or standard-setting regarding Internet of Things and connected devices, certification for E-commerce activities, and information sharing (especially in respect of critical infrastructure).
In our current information age, security over electronic information and protection against unauthorized access is foundational to employers’ businesses. To guard against endlessly multiplying electronic threats, employers must resort to electronic means and, understandably, often resort to broad and comprehensive software to protect their operations. However, the situation involving the District of Saanich earlier this year is a good reminder to all B.C. employers that cyber-protection cannot be used at the expense of employees’ privacy.
A growing number of companies are investing in cyber risks insurance, which offers a degree of protection against the consequences of cyberattacks such as hacking, business disruptions and digital data breaches. Organizations are increasingly buying insurance to protect against losses from computer breaches.