Canadian Underwriter

Keyword
Cyber Security

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News BrokersInsuranceRisk

How brokers can keep clients’ data secure when working remotely

September 21, 2023 by Alyssa DiSabatino

Brokers may be at risk of unintentionally exposing client data or other proprietary information when they’re not working from the office. But with much of the industry doing hybrid or remote work — and showing reluctance to return to the

Clients that lock down their cybersecurity are favoured by insurers
News BrokersInsuranceMarkets / Coverages

Which clients are cyber underwriters favouring?

September 11, 2023 David Gambrill

Recent loss ratio data suggests the hard market in cyber insurance has plateaued. In part, that’s due to underwriters being more discriminating about which risks they select for coverage. “Insurance companies have rightsized their books. They know which clients they

Illustration of a cyber criminal standing above a laptop. Fishing hooks with envelopes, credit cards and passwords are being reeled in above him
News BrokersClaimsInsuranceRiskTechnology

Who is putting your client’s company at risk for a cyber scam?

September 22, 2022 by Alyssa DiSabatino

Two-in-five employees surveyed (42%) said they’ve seen an increase in cyber scam attempts over the last year, yet only a third of surveyed employees (34%) reported their company provides mandatory cyber security awareness training, finds new research by the Insurance

A person holds their smartphone, which displays a credit score dial ranging from green to red.
News InsuranceMarkets / CoveragesTechnology

Why cyber ratings don’t tell insurers enough about the risks

July 21, 2022 by Alyssa DiSabatino

Cyber insurers need to tread lightly when using cyber security rating scores — also known as outside-in security-risk assessments — because the data can be skewed and may mislead consumers into believing they’re more protected than they really are, said

News Insurance

Paid MADE IN CANADA…

July 1, 2022 BOXX Insurance

The largest city in Canada and Ontario’s capital is an international business centre for finance, business, arts, and culture and now has a thriving start-up tech sector and ‘insurtech’ is a fast-growing component. Not many know that Toronto has been

News Insurance

Paid HOW PROACTIVE ARE YOUR CLIENTS’ CYBER RISK STRATEGIES?

May 3, 2022 VICTOR CANADA

With cybersecurity spending expected to exceed US$1 trillion, it’s clear more businesses than ever before are realizing the need to invest in their cyber defenses. “Yet throwing money at a problem is never the lone answer,” says Kevin Auger, department

News Insurance

Paid Working from home? Follow these cybersecurity best practices.

December 2, 2021 The Wawanesa Mutual Insurance Company

The global pivot to remote work at the start of the pandemic sent organizations scrambling to set up work-from-home solutions to keep business moving along. While we’re much further along than those early days—and starting to move toward hybrid work

News RiskTechnology

How B.C. auditor general rates the provincial government’s cyber security

August 20, 2019 by Greg Meckbach

If your client has a formal process to disable computer network access for employees and contractors who no longer work there, that client’s cybersecurity is better in at least one respect than some of British Columbia government departments. The province’s

News InsuranceLegislation / Regulation

How federal budget could improve cyber underwriting

March 21, 2019 by Greg Meckbach

Insurance Bureau of Canada officials are hoping a $145-million commitment by the federal government towards cyber security will help the industry better understand how much a cyber incident could cost. In the 2019-20 budget document tabled Tuesday, federal Finance Minister

News InsuranceRiskTechnology

How BC Hydro fares in managing its cyber security risk

March 20, 2019 by Jason Contant

British Columbia’s electric utility is managing its cyber security risk for system components that must conform to mandatory reliability standards, but not for components to which the standards do not apply, the province’s auditor general has found. “We concluded that

News InsuranceTechnology

Emergency $102B stash for feds could mitigate cyber attack risk

March 13, 2018 Andy Blatchford - THE CANADIAN PRESS

OTTAWA – The federal government committed hundreds of millions of dollars in its recent budget to help reinforce Canada’s cyber defences _ but if the effort fails to prevent a major attack, Ottawa can always turn to its little-known $102-billion

News InsuranceTechnology

Utilities cautioned to act now to strengthen their cyber security defences: Accenture

October 5, 2017 by Canadian Underwriter

Unprepared distribution utilities are urged to immediately begin improving their cyber security capabilities given the anticipated future hike in cyber attacks and the fact that most recently polled utility executives say such an attack could interrupt electricity supply, Accenture suggests