Briefing

Two senior Desjardins executives departing in wake of massive data breach

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COO Denis Berthiaume and IT head Chadi Habib have left the firm following an internal review of a privacy breach that affected 4.2 million members of the financial co-op. (The Logic)

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Talking point: Desjardins has repeatedly said that the breach—which included customers’ social insurance numbers, names and addresses—was the work of a single employee. The departure of two such senior staffers (Berthiaume was the number two for the whole operation) comes as the co-operative is facing significant pressure, including investigations from the federal and Quebec privacy commissioners. Quebec politicians grilled CEO Guy Cormier last month, and Premier François Legault is preparing legislation to increase the security of personal information. Cormier, for his part, is advocating for greater reliance on digital identification systems to protect against future breaches.