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Inside Internal Controls

News and discussion on implementing risk management

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New anti-spam legislation could bolster Canadian privacy commissioner’s call for greater PIPEDA enforcement powers

Canada’s new anti-spam legislation comes into effect later this year, and it packs a punch—fines of up to $10 million per violation for companies and up to $1 million per violation for individuals. The government was clearly prepared to give regulators substantial teeth to both encourage compliance and punish non-compliance.

 

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The new fraud: where is it coming from and what does it mean?

Businesses can be the target of fraud in numerous ways and from numerous sources. Anyone who does business with an organization is an obvious risk—suppliers, clients, employees, executives—the high profile fraud cases of recent years have mainly been internal. But increasingly, fraudsters have no connection to the organizations they target. They may be after credit card numbers, personal information, cash or goods, and they’re using methods beyond the understanding of the average businessperson. Organizations that do a significant amount of business online must be particularly careful.

 

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