The Canadian Privacy Law Blog: Developments in privacy law and writings of a Canadian privacy lawyer, containing information related to the Personal Information Protection and Electronic Documents Act (aka PIPEDA) and other Canadian and international laws.

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The author of this blog, David T.S. Fraser, is a Canadian privacy lawyer who practices with the firm of McInnes Cooper. He is the author of the Physicians' Privacy Manual. He has a national and international practice advising corporations and individuals on matters related to Canadian privacy laws.

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The views expressed herein are solely the author's and should not be attributed to his employer or clients. Any postings on legal issues are provided as a public service, and do not constitute solicitation or provision of legal advice. The author makes no claims, promises or guarantees about the accuracy, completeness, or adequacy of the information contained herein or linked to. Nothing herein should be used as a substitute for the advice of competent counsel.

This web site is presented for informational purposes only. These materials do not constitute legal advice and do not create a solicitor-client relationship between you and David T.S. Fraser. If you are seeking specific advice related to Canadian privacy law or PIPEDA, contact the author, David T.S. Fraser.

Tuesday, August 28, 2007

Incident: Security breach hits TradeFreedom 

Canadian brokerage TradeFreedom has been hit with a security breach and is notifying some of its customers that their information may have been compromised: Security breach hits online brokerage

Online broker TradeFreedom Securities Inc. has quietly notified an unidentified number of its customers that a computer security breach has compromised some of their personal information, potentially exposing them to fraud.

In what it described as a follow-up to an Aug. 17 notice to clients, it said in a Friday e-mail that it had finished its investigation into the "recent unauthorized intrusion" of one of its computer systems.

"We have subsequently determined that, despite our security systems in place at the time, this unauthorized intrusion has also resulted in the compromise of some of your personal information," TradeFreedom said. "This information is your name, social insurance number, city, province and postal code."

Citing a continuing police investigation by the Sûreté du Québec, TradeFreedom president Bruce Seago said he could not release any details about the nature or timing of the computer security breach....

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8/28/2007 07:51:00 AM  :: (1 comments)  ::  Backlinks
It was more than a possibility of fraud. Hackers got into the system, recorded personal information, including passwords. Then with those passwords went into customers accounts and tried to manipulate the market. My own account took a $200 000 loss because of the incident and they have as of yet done nothing to compensate.
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