Quick Intelligence Blog

Data Privacy Day is an annual celebration of privacy and data protection.  It was first celebrated on January 28, 2007. In 2009, January 28 was recognized as National Data Privacy Day in the US. 

The ability for online banking has made our lives simpler. We can bank from the comfort of our homes, or anywhere in the world without having to go to a physical branch. Cryptocurrency has also brought investors a new revenue stream that keeps on growing. While all this is great, there is a risk involved when it comes to using financial information on the internet.

The biggest area of economic growth during the COVID-19 pandemic was eCommerce. A press release issued by ACI Worldwide reported that most retail sectors saw a 74% rise in online sales in March of 2020 compared to the same period in 2019. This growth is great; however, it could lead to issues if online businesses do not take the appropriate cybersecurity measures. The following 3 cybersecurity issues can adversely affect your eCommerce business.

The CBC News has recently reported on a scam targeting job seekers. The scam works by offering desperate job seekers an amazing “work from home” opportunity. They are also told that the company will send them a cheque to purchase office supplies from a third party and are instructed to e-transfer the money to that third party. The problem is that the job offer isn’t real, the cheques are bad, and once the cheque bounces, you are on the hook for the money.

They say a fence is only as strong as its weakest link, that holds true with cyber security as well. With most companies outsourcing services to companies like yours (and ours!), what we do to protect ourselves directly impacts the overall cyber security postures of our customers.

Privacy and security go hand in hand. Cyber security focuses on protecting the information from unauthorized access, while privacy focuses more on protecting the contents of the information and ensuring it isn’t accessed or shared inappropriately. Both businesses and individuals have an expectation of privacy when they trust another business with their data.

A new survey by the Canadian Internet Registration Authority (CIRA) says that nearly 70 per cent of Canadian organizations facing a ransomware attack last year paid the demands to avoid downtime, reputational damage and other costs. The interesting thing is that when they asked cyber security professionals if they supported legislation to make ransomware payments illegal, 64% said yes.

So, you are a small business owner, and are about to land your first big client. Everything is going well, but before they sign the contract, they hand you a cyber security questionnaire. Now the panic sets in. Does this sound familiar?

Canada’s data privacy law, the Personal Information Protection and Electronic Documents Act, or PIPEDA, governs how private Canadian companies are responsible for the collection, use and disclosure of personally identifiable information (PII) during the course of their regular business activities. PIPEDA fist came into law in 2000 and must be reviewed by parliament every 5 years. The last update to PIPEDA came into law on November 1, 2018, and for the first time, it included regulations for disclosing a cyber security breach.