Risk & Business Magazine Gillons Insurance Winter 2019 | Page 25

IN TODAY’S DIGITAL WORLD, CYBER THREATS ARE ON THE RISE. + Keeping up with them can be a challenge—not to mention navigating changing regulations regarding privacy breach reporting and record keeping. ARE YOU PROTECTED? AVERAGE COST OF A CYBER BREACH $80,000 As of November 1, 2018, you are required to report, keep a record of and notify the affected individuals of a breach. FAILURE TO COMPLY WITH THE NEW CANADIAN PRIVACY LEGISLATION COULD RESULT UP TO $100,000 FINE Because businesses of all sizes are at risk, you need an advisor and partner who can help you navigate through today’s evolving cyber landscape. We can help. CONTACT US WWW.GILLONS.CA 25