Peter Zimonjic sheds more light on the costs of a breach:
The federal government paid out $751,750 to avoid a class action lawsuit after personal information was stolen from a Canada Revenue Agency office.
The theft of six computers from the Tax Services Office in Laval, Que., on Sept. 4, 2003, jeopardized the personal information of 120,000 people.
“The purpose of the settlement was to compensate for the inconvenience caused to the class action members who took certain steps to limit the risk of their information being used without their consent,” said Philippe Brideau, spokesman for the Canada Revenue Agency.
Read more in the Edmonton Sun.