News & Analysis as of May 18, 2025

Canada

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Follow this channel for advisories on one of the biggest threats to businesses today. Read a morning brief of fresh guidance and commentary by leading lawyers on security, privacy, risk... more +

Follow this channel for advisories on one of the biggest threats to businesses today. Read a morning brief of fresh guidance and commentary by leading lawyers on security, privacy, risk management, global regulations, data protection, leaks, hacking, cyber insurance, compliance, HIPAA, and every other aspect of cybersecurity of import to corporate readers right now. less -

Don’t Be the Next Victim of a BEC Scam

Bennett Jones LLP on 4/8/2025

Businesses are increasingly defrauded through common scams known as business email compromise scams (BEC scams) for which they do not have insurance to cover the resulting losses. Fortunately, there are easy-to-implement...more

10 Key Questions to Guide Cyber Risk Management

Bennett Jones LLP on 4/4/2025

Asking the right questions within your organization is key to effectively managing cyber risk. Here are 10 questions that you should ask your team...more

Secteur des paiements au Canada : Principaux développements attendus en 2025

Blake, Cassels & Graydon LLP on 3/18/2025

L’année 2025 pourrait se révéler porteuse d’importants changements dans le secteur des paiements au Canada en raison de l’élargissement de l’admissibilité à participer aux systèmes de Paiements Canada, ainsi que du...more

New Information Technology Security Requirements for Critical Infrastructure Facilities in Alberta

Bennett Jones LLP on 2/27/2025

On May 31, 2025, the Alberta Security Management for Critical Infrastructure Regulation (the Regulation) will come into force and is expected to alter existing security requirements for critical resource infrastructure in...more

Rapport du BSIF et de l’ACFC sur l’utilisation de l’IA dans les institutions financières fédérales et les risques connexes

Blake, Cassels & Graydon LLP on 11/27/2024

Vers la fin du mois de septembre, le Bureau du surintendant des institutions financières (le « BSIF ») et l’Agence de la consommation en matière financière du Canada (l’« ACFC ») ont publié un rapport conjoint dans lequel ils...more

OSFI and FCAC Report on AI Use and Risk at Federally Regulated Financial Institutions

Blake, Cassels & Graydon LLP on 11/21/2024

In late September, the Office of the Superintendent of Financial Institutions (OSFI) and the Financial Consumer Agency of Canada (FCAC) jointly released a report describing the evolving risk landscape related to the use by...more

Navigating the Legal Landscape of AI

Bennett Jones LLP on 4/17/2024

Bennett Jones welcomed the opportunity to present a practical, opportunity and risk focused approach to the governance of Artificial Intelligence (AI) at the board level to the Institute of Corporate Directors. While AI is...more

The Informed Board - Winter 2024

Skadden, Arps, Slate, Meagher & Flom LLP on 2/19/2024

The oversight obligations of boards continue to expand. Recent enforcement actions and new laws in areas such as cybersecurity, artificial intelligence and supply chains create new challenges for boards, as we explain in this...more

Governance Insights: Get Smart on Artificial Intelligence (AI) and Corporate Governance: Key Considerations for Boards of...

Davies Ward Phillips & Vineberg LLP on 12/8/2023

It has been one year since OpenAI released ChatGPT, arguably catalyzing today’s new wave of interest in AI. This surge of interest is driving substantial investments in AI technologies and a heightened urgency to address the...more

[Event] U.S. Export & Re-export Compliance for Canadian Operations - January 24th - 25th, Mississauga, ON, Canada

American Conference Institute (ACI) on 12/4/2023

We are pleased to announce that the 13th Annual Forum on U.S. Export & Re-Export Compliance for Canadian Operations is returning to Toronto on January 24–25, 2024! As the only comprehensive, practical event of its kind in...more

[Event] 29th Annual Flagship Conference on Regulatory Compliance for Financial Institutions - November 21st - 22nd, Toronto, ON,...

American Conference Institute (ACI) on 10/30/2023

Don’t miss the opportunity to gain valuable insights from industry experts at Canadian Institute’s Annual Flagship Conference on Regulatory Compliance for Financial Institutions. This event will equip you with strategies to...more

New SEC Cybersecurity Disclosure Rules

Dorsey & Whitney LLP on 10/2/2023

Canadian issuers that are reporting issuers with the Securities and Exchange Commission should be aware of new rules that impose disclosure requirements regarding cybersecurity risk management, strategy, governance and...more

New SEC Cybersecurity Rules Require Mandatory Disclosure

Dorsey & Whitney LLP on 9/8/2023

On July 26, 2023, the Securities and Exchange Commission adopted new rules imposing disclosure requirements regarding cybersecurity risk management, strategy, governance and incidents. The new rules, which became effective...more

SEC Adopts New Cybersecurity Disclosure Rules for U.S. Public Companies and Foreign Private Issuers

Stikeman Elliott LLP on 9/7/2023

The Securities and Exchange Commission (“SEC”) adopted new rules requiring the disclosure of cybersecurity risk management, strategy, governance and material incidents (the “Rules”), effective September 5, 2023. The Rules...more

Nouvelle ligne directrice B-10 du BSIF sur la gestion du risque lié aux tiers

Blake, Cassels & Graydon LLP on 5/22/2023

Le 24 avril 2023, le Bureau du surintendant des institutions financières (le « BSIF »), soit l’organisme de réglementation des institutions financières fédérales au Canada, a publié la nouvelle Ligne directrice sur la gestion...more

[Event] 22nd Annual Canadian Forum on Anti-Money Laundering and Financial Crime - June 7th - 8th, Toronto, Ontario, Canada

American Conference Institute (ACI) on 5/22/2023

AML compliance for reporting entities has never been of greater critical importance than it is today. With the growing sophistication of criminals and the methods and technologies that they employed, combined with the...more

OSFI’s New Guideline B-10: Third-Party Risk Management

Blake, Cassels & Graydon LLP on 5/18/2023

On April 24, 2023, the Office of the Superintendent of Financial Institutions (OSFI), Canada’s federal financial institutions regulator, released its much-anticipated new Guideline B-10: Third-Party Risk Management...more

The Best Offence Is a Great Defence: Prioritizing Cyber-Preparedness

Blake, Cassels & Graydon LLP on 7/7/2022

Cybersecurity incidents are becoming increasingly common and disruptive. In the Blakes 2022 Cyber Trends Study, we identified that ransomware attacks continue to be highly prevalent, representing over half of the observed...more

OSFI Calls for Consultation on Draft Guidelines for Technology and Cyber Risk Management

Bennett Jones LLP on 12/7/2021

On November 9, 2021, the Office of the Superintendent of Financial Institutions (OFSI) launched a three-month public consultation on the Draft Guideline B-13: Technology and Cyber Risk Management....more

Consultation : Nouvelle ligne directrice B-13 du BSIF sur la gestion du risque lié aux technologies et du cyberrisque

Blake, Cassels & Graydon LLP on 11/28/2021

Le 9 novembre 2021, le Bureau du surintendant des institutions financières (« BSIF ») a lancé une consultation publique de trois mois sur le nouveau projet de ligne directrice B-13, Gestion du risque lié aux technologies et...more

Consultation on New OSFI Guideline B-13 on Technology and Cyber Risk Management

Blake, Cassels & Graydon LLP on 11/16/2021

On November 9, 2021, the Office of the Superintendent of Financial Institutions (OSFI) launched a three-month public consultation on a new Draft Guideline B‑13: Technology and Cyber Risk Management (Draft Guideline). The...more

OSFI Cybersecurity Guidance and Notification Requirements

Bennett Jones LLP on 8/31/2021

OSFI, the Canadian Federal Office of the Superintendent of Financial Institutions, on August 13, 2021, issued new guidance on Technology and Cyber Security Incident Reporting, replacing prior guidance of March 2019....more

UK National Cyber Security Centre Advisory: Russian Attackers, APT29, Targets Companies Involved in COVID-19 Vaccine Development

Alston & Bird on 7/20/2020

The UK National Cyber Security Centre and Canada’s Communications Security Establishment released an advisory linking APT29 (also known as, ‘the Dukes’ or ‘Cozy Bear’) to attacks against COVID-19 vaccine development in...more

Under Cyberattack: How Can Canadian Directors Mitigate Liability?

Blake, Cassels & Graydon LLP on 4/25/2019

Several former Yahoo! Inc. executives recently settled a derivative action for US$29-million, following data breaches from 2013 and 2014 that compromised approximately three billion accounts. These data breaches were the...more

Global Patterns and Risks in Cybersecurity

Bennett Jones LLP on 9/28/2018

What are the emerging patterns and risks for cybersecurity in Canada, the United States, European Union and Australia? A global panel shared their views and predictions at last week’s 64th Pacific Rim Advisory Council (PRAC)...more

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