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cybersecurity

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Canadian companies lag in cybersecurity investments, survey finds

May 23, 2017 by Canadian Underwriter

More than three-quarters (76%) of surveyed Canadian executives believe that the number of data breach attempts on their firms will be higher in a year, yet fewer than half said that their organization’s investments in cybersecurity will increase in that

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“Slow but steady” trend in take-up rates among U.S. cyber insurance clients: Council of Insurance Agents & Brokers

May 19, 2017 by Canadian Underwriter

There is a “slow but steady” trend in take-up rates among cyber insurance clients and prices continue to stabilize, according to a recent survey from the Council of Insurance Agents & Brokers (CIAB) in Washington, DC. When it comes to

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Autonomous vehicles will add US$81 billion in new premiums for U.S. auto insurers by 2025: report

May 18, 2017 by Canadian Underwriter

Insurance coverage for autonomous vehicles will bring US$81 billion in new premiums to the auto insurance industry in the United States over the next eight years, according to a new report from Accenture and Stevens Institute of Technology (SIT). The

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Ransomware cyberattack cripples hospitals across the United Kingdom

May 12, 2017 by Canadian Underwriter

A large ransomware cyberattack has “crippled” computer systems at hospitals across the United Kingdom on Friday, with appointments cancelled, phone lines down and patients turned away, the Associated Press has reported. Britain’s National Health Service (NHS) said that a number

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Simultaneous cyberattacks on multiple companies likely in 2017, financial services industry key concern: AIG study

May 11, 2017 by Canadian Underwriter

Nine in 10 global cybersecurity and risk experts believe that cyber risk is systemic and that simultaneous attacks on multiple companies are likely in 2017, according to a study issued on Wednesday by global insurer American International Group, Inc (AIG).

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72% of employees willing to share sensitive, confidential or regulated company info: survey

April 25, 2017 by Canadian Underwriter

Nearly three in four (72% of) employees across eight countries, including Canada, are willing to share sensitive, confidential or regulated company information, according to a recent survey from computer technology company Dell. Late last week, Dell released the results of

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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