Megan Donnelly

Firms simply do not understand privacy risks says Privacy Commissioner of Canada

June 10, 2010

Speaking at a press conference Tuesday, June 8th Jennifer Stoddart stated that although the brokerages may have tightened their security since 14 breaches in 2008 wherein thousands of personal credit reports were accessed, brokerage privacy measures need to be much tougher.  

Stoddart said some firms simply didn't understand the privacy risks and their responsibilities in protecting privacy. Of the five brokerages examined, four agreed to all of Stoddart's recommendations for tighter controls. One is out of business.

Read full article here.