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are anxious and stressed and the ground has
shied. "at's fertile ground for someone
to exploit." And although employee training
in avoiding fraud is vital, even well-trained
senior IT professionals can be duped by some
of these hackers, he says.
Unusual internet/network activity can
be disguised to company IT staff because
employees are working at different times, says
Glover. "If you're looking at network traffic,
there are no normal patterns of behaviour."
For smaller companies, the cost of these
attacks is proportionately very high, says
Fabiano's colleague Kateri-Anne Grenier,
a partner at Fasken in Quebec City. e
loss of business, reputation and providing
compensatory credit monitoring to perhaps
100,000 people can be pricey, she notes, and
today even smaller companies are purchasing
cyber-insurance.
The cost of data breaches
Under Quebec's proposed Bill 64, adminis-
trative sanctions for breaches would be up to
$10 million or two per cent of global reve-
nues, whichever is higher, and penal sanc-
tions of up to $25 million or four per cent of
worldwide turnover.
"Part of the impetus
for this legislation
is for Canadian
companies to compete
in an increasingly
global world."
Laila Paszti
NORTON ROSE FULBRIGHT LLP
