By: Snaptech Marketing Oct 29/2018
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Starting November 1st, 2018 the Federal Government is implementing a law that will require companies to disclose any data breaches to their stakeholders. Businesses that do not abide by the new law could be facing fines of up to $100,000 per violation.
But, does this apply to your business? And, if so, what do you need to know?
The new data breach law, which amends the Personal Information Protection and Electronic Documents Act (PIPEDA), requires businesses to recognize and disclose any data breaches that possess “a real risk of significant harm” to the applicable parties. When such a breach happens, the business is required to share their knowledge of the breach with the Privacy Commissioner of Canada, their customers, and any other applicable third parties. This law will apply to any Canadian companies outside of British Columbia, Alberta, and Quebec (who have their own provincially regulated data laws). For more information, please visit Canadian Lawyer or IT World Canada.
If your business actively collects, stores, or works with data, you should consult with a privacy lawyer to confirm how pertinent the law is to you and what repercussions a potential breach could mean. In addition, your business should take the following into consideration:
We urge you to seek out legal advice prior to Nov. 1st to ensure that you dot your Is and cross your Ts when it comes to your IT and data. While our team Snaptech cannot give legal advice, we would be happy to help you improve your website security and minimize the chances of a breach.
Give us a call at (604) 677-0742 today for complementary web analytics strategy session!