Crackdown on the Gatekeepers

There are two major cases in Canada regarding liability of the “gatekeepers”. Here, is Castor Holdings, and here is Hercules. Hercules is one of the most cited cases in Canadian law, and it significantly reduced the professional liability risk faced by the gatekeepers. Castor is a new Quebec court decision, but if it stands up...
Posted: 12/5/2012 9:25:45 AM by MSI

Rules for Election of Directors of TSX Listed Entities

A new rule comes into effect for 2013 for TSX listed companies. Such entities will be required to vote on individual people, (not by slate), on an annual basis (not staggered), and communicate election practices regarding director voting. This looks like just another compliance requirement for an overburdened administration team, because I cann...
Posted: 11/1/2012 11:09:46 AM by MSI

Directors & Officers - Cyber Liability Review

In their paper Legal Risks on the Radar, Corporate Board Member and FTI Consulting Inc published the results of their survey of 11,340 directors and 1,957 general counsel where they ask for the top ten concerns for directors and general counsel.   Data Security was the number one concern for 55% of the general counsel and 48% of the di...
Posted: 8/27/2012 12:23:32 PM by MSI

Emerging Online Security Threats

Trend Micro, a provider of cloud computing and internet security systems released a statement summarizing what they feel are the top 10 security threats.  The top two threats are "Exploit Kits" and "Traffic Detection Systems" (TDS). Exploit kits are a bundle of code that let hackers exploit the most prevalent security f...
Posted: 7/24/2012 9:41:15 AM by MSI

Protecting Information from Cyber Threats

The most recent issue of Business Insurance published an article on Cyber Liability.  The publication summarized the threats, losses and prevention strategies to navigate the current landscape of today’s virtual world. Direct from Business Insurance is a summary of What's Really At Risk: Failure to protect private information fr...
Posted: 7/17/2012 3:24:42 PM by MSI

“High Roller” – Fund Transfer Fraud

The white paper “Dissecting Operation High Roller” by Dave Marcus could easily provide the basis of a blockbuster screenplay in the next high tech crime drama involving fund transfer fraud.  “High Roller” refers to the criminals focus on bank accounts with high balances.  It shows how data attack technologies ...
Posted: 6/28/2012 2:49:41 PM by MSI

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