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Data breach of SINs at one of Canada’s largest investment firms 'so dangerous'

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A SIN data breach at one of Canada’s largest investment firms is “so dangerous,” according to a former high-level employee at the company.

. Clients' account numbers, names, and addresses were also compromised, according to one of the letters, reviewed by CTV News Toronto.To work in Canada or access government programs and benefits, a nine-digit number – known as a SIN – is assigned to an individual. It is“It’s the gateway to the government,” Beck said.

“Companies may use SINs as an identifier for reasons such as consolidating investor holdings so that fees associated with their account are reduced,” a spokesperson said. “Mackenzie takes privacy and data protection very seriously and we are committed to protecting the confidentiality of all personal information. We greatly regret any concern or inconvenience this incident may cause to our valued clients,” a company spokesperson said in the statement.

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