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Inside Internal Controls

News and discussion on implementing risk management

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U.S. online payment processor Dwolla fined $100,000 for misrepresenting data security practices: Lessons for Canadian companies

In March, 2016 the U.S. Consumer Financial Protection Bureau (“CFPB”) issued a Consent Order against Dwolla Inc., an online payment platform, for deceiving consumers about its information security practices. The CFPB levied a $100,000 civil monetary penalty against the company, a first for the CFPB. While Canada has different privacy and consumer protection regimes, the lessons from the Dwolla case point to a new direction in enforcement approaches.

 

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Sexual harassment: Managing the risk

On the heels of Jian Ghomeshi’s firing from the CBC and the suspension of two Liberal MPs from caucus, Canadians are talking about sexual harassment. Although not a topic that is typically associated with the philanthropic sector, charities and non-profits are not immune from dealing with these types of issues…

 

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Canada’s anti-spam legislation – Information bulletin CRTC 2014-326

On June 19, 2014, the Canadian Radio-Television and Telecommunications Commission (CRTC) published Compliance and Enforcement Information Bulletin CRTC 2014-326. The information bulletin provides guidelines to help businesses and their employees develop corporate compliance programs in order to comply with the rules of CASL that came into force on July 1st, 2014. Although July 1 has passed, it is never to late to take appropriate measures to comply.

 

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