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Loblaw Apologizes for Data Breach Affecting 2 Million Shoppers

Loblaw has apologized to customers and is offering free credit monitoring after a data breach in March exposed the personal information of about 2 million shoppers. The apology, sent directly to affected customers, comes three weeks after Loblaw issued an update on the breach. “In the coming weeks we will begin notifying impacted customers directly,” the company said on Oct. 2. “These notifications will provide additional details about the incident, the steps we have taken to help protect impacted customers and the nature of information relating to the customer.” The company said the stolen information included names, addresses, phone numbers, email addresses, dates of birth, loyalty account numbers, certain purchase order details, and incomplete payment card information....

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What the TD Bank and Bank of America Cases Reveal About Cross-Border Financial Crime

Commentary Financial crime rarely respects international borders, although responsibility for detecting it remains largely national. Transactions may pass through banks and companies in several countries before investigators identify their origin or destination. Recent U.S. enforcement actions involving Bank of America and TD Bank offer a useful comparison, particularly for Canada, where financial crime can affect economic security.

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