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ARTICLE · 01 JUNE 2016

Cybersecurity Guidance From Investment Industry Organization - May 2016

Borden Ladner Gervais LLP
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Cyber risk management is an increasingly important challenge for organizations of all kinds. The MFDA has published a Cybersecurity bulletin to help its members manage cybersecurity risks.

CanadaPrivacy
Bradley Freedman
Bradley Freedman
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Cyber risk management is an increasingly important challenge for organizations of all kinds. The Mutual Fund Dealers Association of Canada ("MFDA"), the national self-regulatory organization that oversees mutual fund dealers in Canada, has published a Cybersecurity bulletin to help its members manage cybersecurity risks. The Bulletin recommends using a Cybersecurity Framework to proactively manage cyber risks and to prepare for cybersecurity incidents.

Cyber Risks

Cyber risks are risks of loss and liability (e.g. business disruption, financial loss, loss to stakeholder value, reputational harm, trade secret disclosure and other competitive harm, legal noncompliance liability and civil liability to customers, business partners and other persons) to an organization resulting from a failure or breach of the information technology systems used by or on behalf of the organization, including incidents resulting in unauthorized access, use or disclosure of sensitive,

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