Privacy experts introduce breach management & notification provisions into risk assessment process

"Privacy is far from being dead" say experts about the critical need for organizations to protect personal information with VERIFY for Privacy™.

TORONTO, May 20, 2014 /CNW/ - Privacy weaknesses now represent a major factor in business failure and public confidence. The rising costs of privacy breaches (15% over last year) may be covered by cyberliability insurance, but the reputational impact may be fatal.

VERIFY for Privacy™ is Canada's trusted process for independent risk assessment. As part of every privacy impact assessment conducted by the company, clients benefit from a review of 3 key elements of risk by default:

  1. Incident response
  2. Crisis management
  3. Breach notification

At an average of $3.5 million in remediation costs and legal fees, businesses are now closing as a result of data breaches. In the public sector, recent privacy concerns raised over Police access to Toronto Community Housing video data, the Digital Privacy Act (S-4) and Cyberbullying Bill (C-13) have demonstrated that Canadians want to hold their government to a higher standard of accountability.

Is privacy dead?

"The good news is that privacy is very much alive" said Claudiu Popa, an IAPP-certified privacy professional and Privacy by Design Ambassador recognized by the Office of the Privacy Commissioner of Ontario.  "The concern is that the current climate of secrecy and poor security practices often amplify the negative privacy impact of breaches and weaknesses".

Informatica's Verify for Privacy™ Data Protection Risk Assessment is available to all companies. Its exclusive Statement of Trust™ and Privacy Seal reward organizations whose privacy practices respect the rights of information owners and control the impact of breaches in a standardized manner.

About Informatica Security

Established in 1989, Informatica is Canada's first security-assurance-as-a-service provider, focused on independent security and privacy auditing.

Informatica provides a complete range of standardized risk assessments including:

  • IT security & physical audits
  • Privacy Impact Assessments
  • Policies and procedures
  • Workforce security awareness
  • Compliance & Controls

White-label information security services are exclusively available to corporate partners and Fortune 1000 companies, across all industry sectors.

Reviews/pre-audit assessments for PIPEDA, PHIPA/HIPA/HIA, CASL, PCI-DSS 3.0, ISO 27000/31000,  Bill198 conducted by certified security professionals and Risk Advisors.

SOURCE: Informatica Corporation - Information Security Management

For further information: Media Information: Claudiu Popa, CEO/Principal Risk Advisor, email: Soundbites@SecurityandPrivacy.ca, www.SecurityAssessments.ca, Twitter:@datarisk; Informatica Corporation, 1 Yonge St. Toronto, Canada

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Informatica Corporation - Information Security Management

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