To Pay or Not to Pay- Cybersecurity and Data Privacy Issues in the Age of Ransomware 2.0
OnlineBusiness Support Series The Business Support Webinar Series will explore timely topics with industry experts to provide key insights and answers on the best ways to succeed as a business. Hosted by the Halifax Chamber of Commerce, this series will feature a wide range of topics on how to survive and thrive. RANSOMWARE 2.0 Cyber risks have risen significantly during the COVID-19 pandemic as online criminals continue to take advantage of remote work vulnerabilities. This topical 60-minute webinar will provide participants with an update on the ever-changing data privacy threats impacting Canadian businesses and the potential regulatory shifts on the horizon. The presentation will then address a scenario involving a ransomware 2.0 attack, with the goal of providing participants with practical tips on the types of policies to have in place before a data incident, the steps required to deal with a cybersecurity breach, and the various liability concerns and notification requirements that may arise. Three takeaways from this webinar: Better appreciating current cybersecurity risks. Understanding legal obligations in the event of a breach. Learning practical steps to limit liability for member organizations. How does this topic help support the business community? In 2020, the average cost of a data breach in Canada was $6.3 million. As a […]