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ARTICLE · 24 OCTOBER 2017

CSA Comment On Registrants' Cybersecurity And Social Media Practices

Blake, Cassels & Graydon LLP
Blake, Cassels & Graydon LLP
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Blake, Cassels & Graydon LLP

Blake, Cassels & Graydon LLP

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Last year, the CSA surveyed the cybersecurity and social media practices of 630 registered firms.

CanadaTechnology
Blake, Cassels & Graydon LLP
Blake, Cassels & Graydon LLP
Tairroyn Childs
Tairroyn Childs
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The Canadian Securities Administrators (CSA) have published Staff Notice 33-321 Cyber Security and Social Media (Staff Notice 33-321), which summarizes survey results of registered firms' cybersecurity and social media practices, and provides guidance on each of the survey topics, reflecting the CSA's expectation that registered firms will be vigilant to safeguard themselves and their clients from cyber threats.

BACKGROUND

Last year, the CSA surveyed the cybersecurity and social media practices of 630 registered firms (consisting of exempt market dealers, portfolio managers and investment fund managers).

The CSA emphasized the cybersecurity risks for market participants last year in Staff Notice 11-332 Cyber Security (see our November 2016 Blakes Trends in Technology: Key Insight on Fintech and Cybersecurity).

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