Privacy is the new black. Actually, people have been saying that for at least five years, so maybe privacy is the old black. But black never goes out of style, and privacy issues are never out of season either. The Privacy Rights Clearinghouse reports that, in 2011, there were 535 breaches affecting 30.4 million sensitive records. This is in the US alone, and these are very, very conservative figures. Privacy is a hot button issue, but many companies are not insuring themselves – or insuring themselves effectively – against the threat.
Canada does not see the volume and magnitude of privacy cases as our neighbor to the south, but that other shoe is dangling. According to the PRC, “Unfortunately, it is virtually impossible for individuals to protect themselves from a data breach. It is up to organizations that collect data on consumers to take the steps to ensure the privacy and security of the data they collect and maintain.”