CYBERSECURITY RISK

A Review of Fraud, Compliance, and Cybersecurity Risks Facing Financial Institutions in Canada

November 17, 2022 4:15pm

Imran Ahmad
Partner, Co-Head of Information Governance, Privacy, and Cybersecurity
Norton Rose Fulbright

Alena Thouin
Chief Operating Officer
Ontario Financing Authority

Final Guideline B-13, issued July 13, 2022, and effective Jan. 1, 2024, establishes OSFI’s expectations for how federally regulated financial institutions (FRFIs) should manage technology and cyber risks. During this panel, we will explore:

  • Preparing for OSFI’s Guideline B-13 by January 2024
  • Exploring the basic elements of the new AI and Data Act and its framework for high-impact AI systems
  • Ensuring your organization’s cyber security framework meets compliance
  • Addressing the sharp increase in cyber incidents impacting Canadian FIs
  • Addressing the management and oversight of third-party provider risks
  • Managing and developing appropriate risk response protocols