#CyberFLASH: Cyber security review still in early days, Public Security officials tell Senate

ralph-goodale.jpg.size.xxlarge.letterboxSpeaking before a Senate committee on national defence Monday, Monik Beauregard said that the department is under a tight timeline to review its efforts and get a report to cabinet.

But Beauregard said the department is still trying to figure out how wide or narrow the review will be.

“At this point, we’re all looking at the scope of the reviews and thinking about how to carry it out,” Beauregard told senators Monday evening.

In his mandate from the prime minister, Public Safety Minister Ralph Goodale was asked to lead the review into critical infrastructure protection, in co-ordination with five of his cabinet colleagues.

“Critical infrastructure” has a broad definition, but is typically thought of as systems, networks, facilities and assets essential to public safety, national security, and economic interests of Canada. That includes everything from bridges to roads, but also data centres, financial networks, and natural resources projects.

The new Liberal administration promised to revisit a number of controversial public safety measures introduced by the previous Conservative government, including plans to protect those pieces of critical infrastructure.

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#CyberFLASH: Senate recommends Ottawa use a ‘light touch’ when regulating Bitcoin

Hacker-took-83K-Bitcoins-cyber-experts-620x330TORONTO – A report from Canada’s Senate says Ottawa should use a “light touch” when considering any regulation of Bitcoin and other digital currencies in order to avoid stifling the growth of these new technologies.

The report, the culmination of more than a year of research by the Standing Senate Committee on Banking, Trade and Commerce, recommends that the federal government employ “almost a hands-off approach” when it comes to virtual currencies, monitoring the situation as it evolves and only introducing regulations as necessary.

The Bitcoin Alliance of Canada says it welcomes the report’s findings and is urging the government, as well as the private sector, to consider them.

Bitcoin is a digital currency that is exchanged through peer-to-peer computer networks and is not issued or controlled by a central bank or any other authority.

Virtual currencies like Bitcoin employ blockchain technology — computer code that makes up the currency’s underlying architecture.

The Senate report says blockchain technology has many promising applications, and recommends that the federal government consider using it to enhance the protection of private information.

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