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Defending Against Ransomware: OSFI Updated Advisory on Cyber Incident Reporting

Ransomware continues to present an increasing risk to all organizations. Ransomware attacks can involve the installation of malicious software designed to block access to computer systems and/or steal data, and a...more

2021 Ransomware Insurance Update, Explosion of Ransomware and Best Practices

Insurer AXA, among Europe's top five insurers, recently announced that it was suspending insurance coverage in France for ransomware extortion payments. AXA said it made this decision in response to concerns raised by French...more

Healthcare Data: Are You Required to Report a Ransomware Attack?

If you are a healthcare data custodian that is subject to a ransomware attack, you may be required to report the incident to regulators and to those individuals whose information was subject to the attack....more

Cybersecurity Lessons from the United States: A Guide for Directors and Officers

The recent global ransomware attack (WannaCry) was yet another reminder of the increased threat posed by cyber breaches. While cybersecurity attacks are inevitable, organizations (and their directors and officers) may still...more

WannaCrypt Ransomware Attacks on Out-of-Date Systems

The serious WannaCrypt ransomware worm which ran roughshod over internet connected computers worldwide on Friday and Saturday appears to have been stymied, at least temporarily, by security researchers. In the meantime,...more

Cybersecurity: 2017 Report & 2016 Reflections - What Businesses and Boards Need to Know

In 2016, cybersecurity continued to grow as a primary business risk for companies worldwide. Data breaches continued to escalate both in number and magnitude and the landscape of legal and regulatory liability evolved and...more

Rise of Ransomware Attacks in Canada: Businesses Beware

Cybersecurity attacks through the use of ransomware are an increasing threat to Canadian businesses. Ransomware is a malicious software that is secretly installed on a target’s computer and encrypts files, making them...more

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