Desjardins spends tens of millions to address data breach incident

Afterglow from a major breach in Canada earlier this year…:

Desjardins Group has announced that it spent millions in costs related to the recent data privacy breach incident it reported in June.

Reuters outlined that the company spent $70 million in the second quarter in an announcement earlier this week.

The incident involved an employee who leaked the sensitive data of about 2.9 million members. The information leaked included names, addresses, birth dates, social insurance numbers, email addresses, and even data on transaction habits.

So many individuals were affected by the breach that even the former president of Desjardins found his data exploited.


Original article here