January 2018 | Article

Draft Canadian Security Breach Regulations Finally Unveiled

American Bar Association, Business Law Today

The Government of Canada (Innovation, Science and Economic Development Canada) recently released the long-awaited proposed Breach of Security Safeguards Regulations, which outline the obligations for breach reporting and notification under Canada’s federal private sector privacy law. Under the regulations, an organization is required under certain circumstances to notify affected individuals, any other relevant organization or government institution and the Privacy Commissioner of Canada in a specified manner. Affected U.S. businesses should review their current practices and consider establishing the safeguards set forth in the proposed regulations to avoid monetary penalties.

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