Canada: Privacy breaches can affect any business. Are you protected?
With recent headlines announcing privacy breaches at some of the world’s largest financial and consumer-facing companies, Aviva Canada, one of the country’s leading providers of home, auto, recreational vehicle, group and business insurance, is emphasizing the need for businesses of all scopes and sizes to ensure they are protected against the legal ramifications of a privacy breach.
“A privacy breach can happen easily – a stolen laptop, the misplacement of a memory stick, an online system gets hacked or a back-up drive goes missing,” stated Peter Silk, Vice President of Commercial Lines Underwriting for Aviva Canada. “These scenarios are all too common and some of the world’s largest businesses – with multiple levels of security, have been affected. The key for our clients is knowing what to do when a breach occurs and getting help with the various provincial requirements.”
Business owners are legally required to take action when a breach occurs or face possible fees, penalties, sanctions or even civil litigation. A recent study showed that 69% of Canadian companies surveyed reported a cyber crime attack in 2012.
In recognizing that no business client can fully alleviate the risk of a privacy breach, Aviva Canada has partnered with premier data risk management service provider IDT911. Together they have developed a privacy breach package that offers insurance coverage and risk management solutions to help Canadian businesses manage potential business impacts both before and after a breach event. Risk management tools include breach counselling, crisis management, notification assistance, legal support and optional services available directly from IDT911. Aviva’s liability coverage reimburses business owners for legal costs and damages resulting from a third party claim or lawsuit due to a privacy breach.
Business owners interested in learning more about Aviva Canada’s Privacy Breach coverage should contact their broker for advice and information. Brokers are encouraged to speak with their Aviva Canada representative or visit AvivaPartner.ca for more information.
About Aviva Canada
Aviva Canada is one of the leading Property and Casualty insurance groups in Canada providing home, automobile, recreational vehicle, group and business insurance to more than three million customers. The Company is a wholly-owned subsidiary of UK-based Aviva plc and has more than 3,000 employees, 25 locations and 1,700 independent broker partners. Aviva Canada and its employees invest in positive change including through the Aviva Community Fund and Eva’s Initiatives, its partner in Aviva’s global Street to School program to help homeless and other at-risk youth reach their potential. For more information visit AvivaCanada.com, our blog or our Twitter, Facebook and LinkedIn pages.
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