First Reference Talks

Discussions on Human Resources, Employment Law, Payroll and Internal Controls

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2022 report: More data breaches and costs rising

IBM’s Cost of a Data Breach Report 2022 (IBM Report) was recently released, and suggests that the cost of data breaches continued to rise to an all-time high—in fact, the average total cost of a data breach was USD 4.35 million in the past year of the study (March 2021–March 2022).

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Plenty of phishing going on

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.

By | 3 Minutes Read

Privacy and your IT department

Is your IT department ready for more stringent privacy laws? On the heels of the federal government’s bill to modernize federal privacy laws (that is, the Digital Charter Implementation Act, 2020 ), the Ontario government has declared the federal bill inadequate. Consequently, on June 17, 2021, the Ontario government issued a whitepaper entitled Modernizing Privacy in Ontario, initiating further public dialogue on its proposals to improve privacy protection.

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Established in 1995, First Reference is the leading publisher of up to date, practical and authoritative HR compliance and policy databases that are essential to ensure organizations meet their due diligence and duty of care requirements.

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