What happens if you don’t comply?
Failure to meet any of the breach reporting and notification requirements can lead to organizations, or even directors personally, to fines of up to $100,000. Also, organizations can be subject to a civil lawsuit, which is known to decimate a small business and take a chunk out of a large one. Also, most breaches reported to the Privacy Commissioner require an investigation – usually time-consuming and costly, this can cause damage to your public reputation.
What should we do?
The new additions to PIPEDA closely resemble the rules and regulations found in GDPR, so we must draw upon what we learned to fully thrive in the new privacy landscape.
Organizations need a next generation solution, an all-in-one platform that will allow them to not just handle the new age of Data Governance but thrive in it. Secure data, next gen access governance, and controlled distribution will allow businesses to gain that competitive advantage.
Ask us how Data443’s latest Privacy Manager™, ClassiDocs™, and ARALOC™ can support you!
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