Are you prepared for mandatory data breach notifications?

BDO Canada has partnered with Dentons to help you get ready with a breach response plan ahead of the Nov. 1, 2018 deadline.

On Nov. 1, 2018, mandatory breach notification is coming into force in Canada. It means that if you suffer any type of loss of personal information that causes a real risk of significant harm, you will have to report it to the Privacy Commissioner of Canada and notify all individuals affected.

If you don't, you are subject to fines of up to $100,000 per individual that should have been notified and was not notified.

3 questions to ask yourself about data breaches

1. Does your company have a data breach response plan?
2. Have you identified the criteria you will apply to determine whether the breach meets the test of real risk of significant harm?
3. Do you have a decision tree to determine who will decide on notification?

Canada and the GDPR

The General Data Protection Regulation (GDPR) contains important new operational requirements concerning data protection and cybersecurity breaches. Canadian companies that offer goods or services to European Union (EU) residents, or monitor the behaviour of EU residents within the EU, will now need to comply with strict new rules around how they collect, handle, and secure information.

Don't wait for a breach to happen before taking action. BDO and Dentons can get you ready with a breach response plan that will demonstrate due diligence and guide you through a successful breach response.

Protect your business and avoid hefty fines. Request your free consultation.

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