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ARTICLE · 26 OCTOBER 2017

Cybersecurity Guidance From Canadian Securities Administrators

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The Notice highlights the importance of cyber risks for securities market participants...

CanadaTechnology
Bradley Freedman
Bradley Freedman
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On October 19, 2017, the Canadian Securities Administrators ("CSA") published Staff Notice 33-321 Cyber Security and Social Media to report on a survey of cybersecurity and social media practices by firms registered to trade securities or to advise clients regarding securities, and to provide firms with detailed guidance regarding their cybersecurity and social media practices. The Staff Notice supplements the CSA's 2016 Staff Notice 11-332 Cyber Security. The cybersecurity guidance is useful for all kinds of organizations.

The CSA's 2016 Cyber Security Staff Notice

In September 2016, the Canadian Securities Administrators published Staff Notice 11-332 Cyber Security to emphasize the need for firms to follow guidance issued by regulatory authorities and standards organizations to proactively manage cyber risks and prepare for cybersecurity incidents. The Notice highlights the importance of cyber risks for securities market participants, references

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