The Personal Information and Electronic Documents Act (PIPEDA) was recently introduced to Canada. This act requires mandatory cybersecurity standards with increased consequences for any organization or individual who doesn’t comply with the standards. A failure to comply with PIPEDA can result in fines up to $100,000. This act is a big deal.
It can be overwhelming to maintain continuous compliance with these new standards. And we’re here to help you keep your cybersecurity in check. That way, you’ll be able to successfully run your business and avoid any complications that could arise.
PIPEDA affects both private and public businesses in Canada. If you’re subject to the standards of this act, then you’ll want to pay close attention to the details. Listed below are the details of what Canadian businesses must do to meet PIPEDA requirements.
• A company must report any breach of information to the Privacy Commissioner of Canada. This includes small, insignificant breaches as well. All must be reported.
• A company must give notice to the individuals who were affected by the data breach.
• A company must keep records of data breaches that affect personal information. These records must be kept for at least 2 years following the data breach.
• A company must provide the Privacy Commissioner with access to compliance records.
Addressing Data Risks Under PIPEDA
Protecting personal information is now more important than ever before. Next up, we’ll be presenting how you can address data risk under this new act.
Understand Your Data
You’ll need to visualize your high-risk assets. This can be done by profiling your system. Follow your data residency by prioritizing your high-risk assets. Determine authorized access by automating trust. And collect event data to grant user permissions.
It will be important to identify changes outside of business as usual (BAU). You can do this by monitoring event TTPs (times to pay). Prioritize your risk by ranking critical assets at the front of the line. Identify root causes by visualizing the attacks. And prevent attacks from happening again by creating an alert system.
Respond Proactively & Assess Data Security
You can prevent unauthorized access (threats) by automating trust policies to the baseline. Covering your in-scope assets will help you detect anomalies in present-time. Stream analytics in order to identify changes outside of the normal BAU. And stop unknown threats by using open architecture software.
Protecting Data: Impact Assessments
Automate your policies in order to filter out the unnecessary changes on the front end. Focus your attention on authorized critical changes by using alerts which will enforce policy. Use system profiling to seek out large amounts of data. Monitoring your logs will enable better audits and chains of custody.
Controlling Cybersecurity Is Important
PIPEDA is in effect to protect personal information. By understanding and abiding by these new standards, you will help prevent data breaches. And you’ll also help to protect the individuals who are involved. Non-compliance will not only result in the leakage of private data, but it can also result in hefty fines.