Privacy and Security Breach Compliance; A Broker – Client Perspective

2 General ICM or GICS CE Credits

This program will provide practical guidance to ensure that brokers effective November 1, 2018 are able to assess and manage their client’s insurable privacy/security breach notification risks.

The new requirements as of November 1, 2018 will impose notice requirements in the event of a “breach of security safeguards” on all organizations regulated by the Personal Information Protection and Electronic Documents Act (“PIPEDA”), and corresponding new record-keeping requirements.

The new regulatory requirements set out a mandatory breach notification framework which contain a three-pronged notice requirement:

  1. A report to the Office of the Privacy Commissioner of Canada,
  2. A notice to affected individuals, and
  3. A notice to other organizations.

For any privacy and security breaches occurring on or after November 1, 2018, your client organizations will have to navigate this new regulatory maze to ensure; compliance, avoid costly noncompliance consequences and avoid reputational risk.

These new requirements will increase the urgency that brokers advise their clients about their foreseeable and insurable privacy/security breach risks from both a first party and a third party perspective, and provide adequate insurance and risk management solutions.

Objectives:

  • Understand the new mandatory breach notification framework and its corresponding requirements
  • Understand the first party and third party liability risks created by the new breach notification framework
  • Explore insurance and risk management solutions to the compliance, first party and third party risks associated with the new privacy/security notification regime.

Recommended for:

Brokerage Owners & Managers as well as Corporate Decision Makers

Event Details

Date September 18, 2019

Time 9:00 am – 11:00 am

Registration Fee $125.00 (GST included)

Location Online Webinar Details on how to connect will be sent by IBAM once registration received & processed

Instructor
Mario Fiorino, B.A, LL.B, M. ED

Event Type Seminars & Webinars


WHERE DO YOU NEED TO GO?