Item - 2022.PR2.4

The Toronto Parking Authority - Audit and Risk Management Committee recommends that:

1. The Board of Directors of Toronto Parking Authority receive the report (April 25, 2022) from the President, Toronto Parking Authority, for information.

2.  The Board of Directors of Toronto Parking Authority direct 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.

2:39 p.m. - Toronto Parking Authority - Audit and Risk Management Committee recessed its public meeting to meet in closed session to consider this item as it pertains to security of property belonging to the City or one of its agencies or corporations.

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, will provide a presentation to the Committee at its meeting of May 10, 2022.  These matters will require a closed session discussion, as they relate to the security of property belonging to the City or one of its agencies or corporations.