SOCIAL ENGINEERING CRIMES
Employers are just now beginning to become more aware of these schemes and are taking pains to educate their workforces through targeted training initiatives and implementation of written policies governing information disclosure . The possibility of infiltration must , unfortunately , become part of the corporate culture so that everybody feels charged with the responsibility of protecting the company from predators .
In British Columbia , the government has stepped in by establishing the Personal Information Protection Act ( PIPA ) which mandates how private sector organizations must handle the personal information of its employees and customers . This legislation includes common-sense rules about collecting , using , and disclosing information based on the competing principles of information collection to provide a service and information protection to keep confidential material away from cyber criminals . PIPA also requires
that procedures be in place to receive and respond to complaints and answer questions about data collection and usage . In addition , a compliance officer must be identified who will act as the main point person and ensure that documentation is up-to-date .
Since corporations are legally responsible for all personal information in their control , even if used by third parties , there are a number of steps they can take to ensure proper protection . For example , tracking each type of information — where it was originated , by whom , and for what reason — can be vital in helping to better protect and secure it . Also , obtaining the proper type and amount of insurance coverage will help you recover from what can be very costly infractions . It ’ s a common mistake to depend on your business liability insurance for coverage against cyber crimes . Talk to your Risk Advisors at CMW and Capri to learn more about this critical type of protection . +
BY : SEAN GRAHAM , CMW INSURANCE
Sean Graham is a Client Executive , Vice President at CMW Insurance Services Ltd . As a trusted Risk Advisor to a diverse group of organizations , he works with each client to create an insurance program that addresses their specific risks and supports their operations and objectives . Leveraging his 20 years of consulting experience with organizations of all sizes , he has a long track record of building lasting relationships through innovative , collaborative solutions and enterprising client care .
ONE INFECTIOUS LINK . ONE INVITING EMAIL . ONE INTRIGUING SITE .
That ’ s all it takes to set off a damaging cyber attack .
Cyber attacks come in all shapes and sizes . A massive data breach was set off by a malicious virus that wormed its way inside a company ’ s computer network . A major hospital ’ s weeklong loss of access to its email and electronic health records most likely began with a click .
Just think about the damaging consequences of this kind of intrusion . Since the average cost of a data breach has continued to rise , it ’ s something your business should take seriously .
Fortunately , Travelers Canada can help you understand the cyber risks your business faces – and how to protect against them . To learn more , talk to your Travelers Canada representative or visit travelerscanada . ca / cyber . travelerscanada . com
The Dominion of Canada General Insurance Company , St . Paul Fire and Marine Insurance Company ( Canada Branch ), and Travelers Insurance Company of Canada are the Canadian licensed insurers known as Travelers Canada .
© 2017 Travelers Canada . All rights reserved . Travelers and the Travelers Umbrella logo are registered trademarks of The Travelers Indemnity Company in the U . S . and other countries .. M-18190 Rev . 3-17
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