Canadian Privacy Breaches

Grey Swan Advisory just released an article written by Murn Meyrick outlining Privacy Breaches specific to Canada.  The article outlines Canadian specific examples of recent privacy breaches and the damages that have been incurred.  Canadian companies are now experiencing first-hand the repercussions of a security breach.  If you ...
Posted: 1/30/2013 1:50:09 PM by MSI

Drake International the latest victim of hacking and extortion scheme

The Financial Post released an article outlining the latest hacking scheme for which the target was Drake International.  The hackers were seeking to extort payment in exchange for not releasing personal information of people who have used Drake's services.  These types of incidents are on the rise and companies need to prepare the...
Posted: 1/11/2013 9:46:17 AM by MSI

Privacy and Data Security Exposures of Small and Mid-Sized Companies

Advisen Insurance Intelligence recently released an article outlining privacy and data security exposures for small and mid-sized companies.  The report provides eye-opening information that companies need to be aware of.  The report outlines the exposures, the costs, the defence and insurance coverages available for SMB's to ...
Posted: 1/8/2013 12:54:50 PM by MSI

Cyber Insurance as a Revenue Driver

by Greg Shields Considered by most companies to be a cost without a budget, cyber insurance might soon be a revenue driver. The existence of privacy/data/security/technology (aka “cyber”) risks and cyber insurance products should not be a surprise to most CSPE members, as the focus of privacy and data protection regulation has bee...
Posted: 12/17/2012 2:56:29 PM 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

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