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cyberattacks

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Toronto Transit Commission probes potential future use of automated vehicles

March 24, 2017 by Canadian Underwriter

The Toronto Transit Commission (TTC) is recommending to its board that staff continue to monitor the technological and legislative progress of automated vehicles (AVs) and report back with a recommendation for potential future use of AVs at the transit agency.

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Global private companies seem underprepared for cyberattacks: PwC report

March 20, 2017 by Canadian Underwriter

Global private companies seem to be more at risk of cyber threats, but less prepared to protect themselves against cyberattacks, according to a new report from professional services firm PwC. Released late last week, the report, titled Undaunted, but underprepared?,

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One in four U.S. consumers victim of healthcare data breach: Accenture

February 21, 2017 by Canadian Underwriter

Just over one in four consumers (26%) in the United States have had their personal medical information stolen from technology systems, according to results of a survey from Accenture released on Monday. The findings related to the U.S. portion of

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IT decision makers, C-suite executives each believe the other is responsible for cyber breaches: study

February 10, 2017 by Canadian Underwriter

IT decision makers and C-suite executives each believe the other is responsible in the event of a cyber breach, according to new research from BAE Systems, a provider of technology defence, aerospace and security solutions. According to BAE Systems’ 2017

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Kaspersky finds “invisible” cyberattacks in 40 countries using legitimate software

February 10, 2017 by Canadian Underwriter

Global cybersecurity company Kaspersky Lab has reported that it has found “invisible” cyberattacks in 40 countries, attacks that are using only legitimate software. The series of targeted attacks use “widely available penetration-testing and administration tools, as well as the PowerShell

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Number, sophistication and severity of cyberattacks on Canadian companies on the rise: study

February 9, 2017 by Canadian Underwriter

The number, sophistication and severity of cyberattacks on companies in Canada are each on the rise, with the average number of reported cyberattacks rising to 44 attacks per year, according to the findings of a new study. Scalar Decisions Inc.

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Increase in smart home devices adds new hacking risks: HSB cyber survey

January 25, 2017 by Canadian Underwriter

Eight out of ten consumers in the United States have a home data network and more than one-third connect entertainment systems, gaming consoles and other smart devices to the Internet, increasing the risk of home cyberattacks, according to a new

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Equipment failure, cyberattacks and natural disasters top operational risks in the U.S. over the past five years: FM Global

January 18, 2017 by Canadian Underwriter

Equipment failure, cyberattacks and natural disasters have negatively affected operations at companies based in the United States over the past five years, according to a new FM Global-commissioned study on operational risks. The study, titled Finance’s Role in Operational Risk

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One in three cyberattacks in the past year resulted in a security breach for Canadian companies, new Accenture survey finds

January 11, 2017 by Canadian Underwriter

Roughly one in three targeted cyberattacks over the past year resulted in an actual security breach for Canadian companies, according to a new survey from global professional services company Accenture. Despite these breaches – which equate to three effective attacks

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Global businesses unclear on how to combat targeted, DDoS attacks, Kaspersky survey reveals

January 6, 2017 by Canadian Underwriter

Global businesses are not confident on how to protect themselves against threats like targeted cyberattacks and distributed denial of services (DDoS) attacks, according to new research from worldwide cybersecurity company Kaspersky Lab. Research from the Corporate IT Security Risks annual

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U.S. consumers excited about “connected living,” but concerned about identity theft, cyberattacks and privacy issues: study

January 5, 2017 by Canadian Underwriter

While consumers in the United States are excited by the progression toward “connected living,” they are also concerned about identity theft, cyberattacks and privacy issues, according to a new report from Assurant, Inc., a global provider of risk management solutions.

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Insurance industry needs more focus on the long-term, OSFI’s Henderson suggests at KPMG conference

December 8, 2016 Jason Contant, Online Editor

The insurance industry as a whole needs to focus more on long-term issues, Neville Henderson, the assistant superintendent of the insurance supervision sector of the Office of the Superintendent of Financial Institutions (OSFI), suggested on Wednesday. Speaking at KPMG’s 25th