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“Active management of cyber risk is critical to the stability of IIROC-regulated firms, the integrity of Canadian capital markets and the protection of investors.”

Andrew Kriegler, President and CEO, IIROC

Cybersecurity Summary:

Cybersecurity is a key issue for Dealers and IIROC. Cybersecurity has been an important priority for IIROC for the last few years.

IIROC is committed to helping firms strengthen risk management practices and increase cybersecurity preparedness. IIROC’s initiatives include self-assessment surveys, consultations with cybersecurity professionals, and table-top exercises. We also provide educational resources such as best practice guides and webinars to help Dealers plan and implement effective risk controls and response plans for cyber threats and attacks.


  • Cloud services and application interfaces are being increasingly targeted and their vulnerabilities exploited by cyber attackers. We issued a Notice to recommend some controls that firms can consider to manage these risks. (June 24, 2020)

  • The table-top exercise for small and medium-sized Dealer Members, that was initially planned for 2020, will now be postponed to 2021 due to the COVID-19 pandemic. (June 3, 2020)

  • Educational webinars showcasing experts discussing cybersecurity issues is being planned for release in the summer of 2020. (June 2, 2020)

  • We published a Notice that outlines some tips for advisors and employees on how to prevent and respond to a cyber attack even when working from home. (April 21, 2020)

  • Notice has been issued to provide information to IIROC Dealer Members on cybersecurity threats arising from the COVID-19 pandemic, and includes some tips to help firms and its employees protect clients’ information and itself. (March 30, 2020)

  • A new IIROC Cyber Governance Guide has been published. Check it out in our ‘Guides and Resources’ section. (March 3, 2020)

  • IIROC annual compliance report highlights the cybersecurity initiatives. (December 20, 2019)


Cybersecurity Information:



Incident Reporting summary:

IIROC implemented rules to require mandatory reporting of a cybersecurity incident by Dealers to IIROC.


Self-assessment surveys:

IIROC conducted cybersecurity self-assessment surveys for all Dealers in 2016, and again in 2018. Each Dealer was issued a confidential Cybersecurity Report (CSR) which identified their level of cybersecurity maturity and set out high-level recommendations for priority attention.


Site visits:

In 2017 and 2019, IIROC engaged cybersecurity consultants and visited selected Dealers with cybersecurity self-assessment maturity levels below the expected target of their industry peer group.


Table-top exercises:

IIROC hosts table-top exercises to help small and medium-sized firms with cybersecurity preparedness and risk management practices.


Guides and resources:

IIROC has published guides to help Dealers protect themselves and their clients against cyber threats and attacks.



Information and links to webcasts on cybersecurity issues released by IIROC’s Member Education Services group.


Helpful Links:

Here are some links to information and resources provided by the Government of Canada on cybersecurity.


  • Suzanne Lasrado: Senior Manager, Financial and Operations Compliance

  • Email