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cybersecurity

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All generations in the United States except Millenials becoming more skeptical of self-driving technology: J.D. Power study

April 19, 2017 by Canadian Underwriter

With the exception of Millenials, all other generational groups in the United States are becoming more skeptical of self-driving technology, posing a threat to car manufacturers and technology developers, a new study from J.D. Power has found. The J.D. Power

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Canadians believe businesses working to protect personal information, but cybersecurity concerns linger: fraud survey

March 27, 2017 by Canadian Underwriter

There is a sharp drop in the number of Canadians expressing concern about identity theft this year compared to last year, and Canadian businesses are working to protect personal information of customers, a new survey conducted for the Chartered Professional

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Israeli tech firms revving up engines for self driving cars

March 17, 2017 Josef Federman - THE ASSOCIATED PRESS

JERUSALEM – As the world moves toward an era of self-driving cars, Israel is positioning itself to be the Detroit of the future. The country has emerged as a global leader in the fast-growing field of driverless cars, as illustrated

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Tech and talent crunch among six major forces shaping Canadian P&C insurance in 2017: EY

February 28, 2017 by Canadian Underwriter

A “potent combination” of technological change, talent pressure, customer expectations and cyber risks is forcing Canada’s property and casualty (P&C) insurers to embrace innovation more urgently than ever in 2017, according to a new report from EY. EY’s 2017 P&C

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Half of all phishing attacks in 2016 aimed at stealing money: Kaspersky analysis

February 22, 2017 by Canadian Underwriter

Almost half of all phishing attacks registered in 2016 by Kaspersky Lab were aimed at stealing victims’ money, the cybersecurity company reported on Wednesday. According to the Financial Cyberthreats in 2016 report, 47.48% of all phishing attacks – fraudulent email

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Only 43% of Canadian companies could detect a sophisticated cyberattack, EY study finds

February 15, 2017 by Canadian Underwriter

Only 43% of Canadian companies could spot a “significant cybersecurity incident,” compared to 50% globally, according to EY’s Global Information Security Survey, released on Wednesday. The survey captured the responses of 1,735 participants around the globe from more than 20

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Ontario-based Pen Underwriting Canada launches cyber insurance product

February 15, 2017 by Canadian Underwriter

Burlington, Ont.-based Pen Underwriting Canada Limited announced on Wednesday that it has created a comprehensive cyber solution to respond to the “increasing threat that cybercrime poses for corporations.” Backed by A+ rated capacity, the specialist cyber product is designed for

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Cybersecurity, privacy, infrastructure management and emerging technologies rank as top tech challenges: survey

February 4, 2017 by Canadian Underwriter

Cybersecurity and privacy issues, along with infrastructure management and emerging technologies, rank as the top technology challenges organizations face today, according to a survey report from global consulting firm Protiviti and ISACA, a global business technology professional association for IT

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Canadian Institute for Cybersecurity opens at the University of New Brunswick

January 16, 2017 by Canadian Underwriter

The University of New Brunswick (UNB) announced on Monday that the Canadian Institute for Cybersecurity (CIC) – an “innovative hub for research, training and industry collaboration” – opened at the university on Monday. With more than $4.5 million in funding

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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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Police investigating possible cyber threat against Ontario’s Hydro One: company

January 4, 2017 The Canadian Press

TORONTO – Ontario’s Hydro One says it is assisting Canadian law enforcement agencies in an ongoing investigation into a possible cyber threat against the electricity distributor. The company’s chief security officer, Rick Haier, says they were contacted by the RCMP

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Chubb expands suite of cyber loss mitigation services for Canadian and U.S. policyholders

December 22, 2016 by Canadian Underwriter

Chubb announced on Thursday an expanded suite of cyber loss mitigation services is now available to help the company’s policyholders in Canada and the United States reduce the impact and likelihood of a cyber incident. According to a press release