Keyword
cyberattacks
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 UnderwriterEquipment 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…
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 UnderwriterRoughly 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…
Global businesses unclear on how to combat targeted, DDoS attacks, Kaspersky survey reveals
January 6, 2017 by Canadian UnderwriterGlobal 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…
U.S. consumers excited about “connected living,” but concerned about identity theft, cyberattacks and privacy issues: study
January 5, 2017 by Canadian UnderwriterWhile 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.…
Insurance industry needs more focus on the long-term, OSFI’s Henderson suggests at KPMG conference
December 8, 2016 Jason Contant, Online EditorThe 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…
Two-thirds of global organizations not prepared to recover from cyberattacks: IBM and Ponemon Institute study
November 18, 2016 by Canadian UnderwriterTwo-thirds (66%) of respondents to a study conducted by the Ponemon Institute have reported that their organization is not prepared to recover from cyberattacks. Resilient, an IBM Company and sponsor of the report, and the Ponemon Institute, revealed the results…
In world of Internet-enabled things, U.S. says security needed
November 16, 2016 Tami Abdollah - THE ASSOCIATED PRESSWASHINGTON – The Obama administration urged tech companies to make millions of devices safe from hacking, underscoring the risks posed by an increasingly bewildering array of internet-connected products permeating daily life, covering everything from fitness trackers to computers in automobiles.…
U.S. Internet repeatedly disrupted by cyberattacks on key firm
October 21, 2016 Raphael Satter - THE ASSOCIATED PRESSLONDON – Cyberattacks on a key internet firm repeatedly disrupted the availability of popular websites across the East Coast of the United States Friday, according to analysts and company officials. Manchester, New Hampshire-based Dyn, Inc. said its server infrastructure was…
Chubb launches product to protect Canadian companies against privacy, intellectual property, financial injury and cyber risks
October 4, 2016 by Canadian UnderwriterChubb announced on Tuesday that its Integrity+ product is now available in Canada to help protect companies from errors and omissions (E&O) liability customer lawsuits alleging that their products or services caused privacy violations, intellectual property infringements or other financial…
52% of American transportation firms surveyed worry about distracted driving: Travelers
September 26, 2016 by Canadian UnderwriterMore than 90% of American consumers surveyed by The Travelers Companies Inc. reported they were “at least somewhat” concerned by distracted driving, while more than half of business respondents reported the same concern, Travelers said in a report announced Monday.…
Business interruption, property damage and general liability critical risks to global growth, new study finds
September 23, 2016 by Canadian UnderwriterBusiness interruption (BI) is the leading cause of losses for companies, multinational organizations and non-governmental organizations (NGOs) that operate outside the United States, according to a study released on Thursday by international insurance broker Clements Worldwide. The Clements Worldwide Risk…
88% of U.S. state and local government IT professionals concerned about cyberattacks targeting critical city infrastructure: study
September 23, 2016 by Canadian UnderwriterAlmost nine in 10 state and local government IT professionals in the United States are concerned about cyberattacks targeting critical city infrastructure, according to a study conducted on behalf of Tripwire, Inc., a provider of security, compliance and IT operations…