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Serious IT incidents in Canadian financial sector almost tripled in 2023

Serious IT incidents in Canadian financial sector almost tripled in 2023
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Serious IT incidents in Canadian financial sector almost tripled in 2023

Canadian federal financial institutions suffered almost three times as many serious reportable IT incidents in 2023 as in the year before, a parliamentary committee debating proposed cybersecurity legislation for overseeing the country's critical infrastructure providers was told Monday. In 2023, there were 28 Priority 1 incidents reported to the Office of the Superintendent of Financial

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Proposed Canadian AI law is like a race car without an engine, expert tells Parliamentary committee

The Liberal government's proposed law controlling the use of artificial intelligence applications is like a badly built racing car, a computing expert has told a Parliamentary committee. But instead of putting the proposed Artificial Intelligence and Data Act (AIDA) in a garage, Andrew Clement, professor emeritus at the University of Toronto's faculty of information, told

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