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Stock impact report

Managing identity-theft risk after CIRO data breach [Investment Executive - News]

TransUnion (TRU) 
Last transunion earnings: 4/28 06:50 am Check Earnings Report
US:NYSE Investor Relations: investors.transunion.com
“It’s going to be a process.” That’s what Andrew Kriegler, CEO of the Canadian Investment Regulatory Organization (CIRO), said about the ongoing regulatory response to CIRO’s August data breach. That response includes re-evaluating the types of data that the regulators collect, Kriegler said. At the end of the process, CIRO aims to be “best in class,” he said. Kriegler made the comments in mid-October at the annual conference of the Securities and Investment Management Association. In the aftermath of the CIRO breach, which exposed personal information of registrants past and present, financial advisors are also undergoing a process — of ongoing credit monitoring and guarding against identity theft. Advisors are hardly alone, however. The proportion of Canadians age 15 and older experiencing cybersecurity incidents — from unsolicited spam to fraudulent payment card use — increased to 70% in 2022 from 58% in 2020, according to the Canadian internet use survey sponsored by Innovation Show less Read more
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