What has a Full Year of Mandatory Data Breach Reporting in Canada Produced?

TORONTO - Nov. 11, 2019 - PRLog -- It has been a full year since Canada launched mandatory data breach reporting.  Here is what businesses need to know as well as statistics.

Prior to the mandatory data breach reporting, all data breach reporting to The Office of the Privacy Commissioner of Canada was done on a 100% voluntarily basis.

Starting November 1st, 2019, the number of cyber security data breach reports has skyrocketed in Canada.  This gives the public complete transparency and trust that organizations are being held accountable.  Some of the recent mandatory cyber security breaches have included some well-known corporate names however there has been a significant increase in volume from the small- and medium-sized business (SMB) market.

Here are some important steps to reduce data privacy breach risks:

• Where is your Information located?

It is important to know what personal information you have, where it is located, and what you are doing with it. You need to understand your data before you can protect it from a data cyber security breach.

• What are your vulnerabilities?

It is important that organizations conduct risk and vulnerability network assessments at a minimum on their organization.   An additional step can be to do a penetration test within your organization to ensure that cyber threats to privacy are identified and fixed immediately.   This goes beyond technical vulnerabilities as you should look at safeguards, risks, and privacy responsibilities.

• Do you know about your industry?

Do you watch your industry for data breaches or cyber security risks? You should be aware of data breaches in your industry.  Hackers often re-use the same cyber-attacks against multiple organizations within the same industry.  You need to pay attention to alerts and other information from your industry, so you are not the next target.

Mandatory data breach reporting has shown much more interesting information including a significant rise in cyber security data breaches affecting a small number of individuals.

Another interesting trend has been employee snooping and social engineering as key factors.  Approximately one in four cyber security incidents involved social engineering attacks such as phishing and impersonation.

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