Item - 2022.PA30.3

The Board of Directors of Toronto Parking Authority:

1.  Received the report (April 25, 2022) from the President, Toronto Parking Authority, for information.

2.  Directed that Confidential Attachment 1 to the report (April 25, 2022) from the President, Toronto Parking Authority, remain confidential in its entirety, as it involves the security of property belonging to the City or one of its agencies or corporations.

At its meeting on May 10, 2022, the Toronto Parking Authority – Audit and Risk Management Committee considered Item PR2.4 and made recommendations to the Board of Directors of Toronto Parking Authority.

Summary from the report (April 25, 2022) from the President, Toronto Parking Authority:

The purpose of this report is to present an update on the status of Toronto Parking Authority's action plans which mitigate the cyber security risks identified from the cyber threat risk assessment conducted in 2021, as well as those identified in the submission to the City's Chief Security Officer under the City's Cyber Security Confirmation Program.

This report contains a confidential attachment which describes the status of the mitigation and remediation plans from the 2021 cyber security risk assessment and the risks identified in Toronto Parking Authority's submission to the City's Cyber Security Confirmation Program.

Bindesh Rach, Vice President, Finance and Chief Financial Officer, provided a presentation to the Committee at its meeting of May 10, 2022.  These matters required a closed session discussion, as they relate to the security of property belonging to the City or one of its agencies or corporations.