Topic
Technology
Kaspersky discovers new version of Android Trojan that steals credentials from taxi and ridesharing app users
August 18, 2017 by Canadian UnderwriterResearchers from cybersecurity company Kaspersky Lab reported on Thursday that they have discovered a new modification of the well-known mobile banking Trojan, Faketoken, which is now able to steal credentials from taxi and ridesharing app users. Based on the results…
Fiat Chrysler Automobiles to join BMW, Intel and Mobileye in developing autonomous driving platform
August 18, 2017 by Canadian UnderwriterBMW Group, Intel and Mobileye (an Intel company) announced earlier this week that they have signed a memorandum of understanding with the intention for Fiat Chrysler Automobiles (FCA) to be the first automaker to join them in developing a “world-leading,…
Web applications the soft underbelly of organizations: Alert Logic report
August 17, 2017 by Canadian UnderwriterWeb applications are the soft underbelly of organizations, including in the financial services and insurance sectors, with injection-style attacks leading the pack, a new report from Alert Logic has found. Alert Logic, a provider of security and compliance solutions for…
Proposed model law could beef up U.S. insurers’ cyber risk management
August 17, 2017 by Canadian UnderwriterNew cyber-related obligations being proposed south of the border, if approved, could promote more rigorous cyber risk management practices in the U.S. insurance market, Fitch Ratings suggests. The CyberSecurity Working Group of the National Association of Insurance Commissioners (NAIC) has…
AI, “transparently immersive experiences” and digital platforms three megatrends that will allow businesses to survive digitally: Gartner
August 15, 2017 by Canadian UnderwriterArtificial intelligence (AI) everywhere, “transparently immersive experiences” and digital platforms are the three distinct megatrends that will enable businesses to survive and thrive in the digital economy over the next five to 10 years, Gartner, Inc. has reported. The Stamford,…
U.S. protectionist trade sentiments top challenge cited by polled Canadian businesses, but optimism about Canadian economy way up: survey
August 15, 2017 by Canadian UnderwriterProtectionist trade sentiments south of the border top the list of challenges facing the Canadian economy, a concern identified by almost a quarter of the 516 business leaders taking part in a new survey released Tuesday by Chartered Professional Accountants…
Allstate Canada expands UBI program Drivewise into Nova Scotia after “great success” in Alberta and Ontario
August 15, 2017 by Canadian UnderwriterThe Allstate Insurance Company of Canada announced on Monday that it is expanding its usage-based insurance (UBI) program Drivewise in Nova Scotia “after experiencing great success in the provinces of Alberta and Ontario.” Drivewise rewards those who exhibit safe driving…
CSIO releases video on eSlips solution, expects product by year-end
August 14, 2017 by Canadian UnderwriterThe Centre for Study of Insurance Operations (CSIO) announced on Monday a video explaining digital proof of auto insurance (eSlips) to consumers and said it expects the solution by year-end. In June, the association announced what it called “an industry…
CatIQ enters into agreement with Impact Forecasting to use cat event flood response footprints for Canada
August 11, 2017 Jason Contant, Online EditorToronto-based Catastrophe Indices and Quantification Inc. (CatIQ) announced that they have entered into an agreement whereby Impact Forecasting’s cat event response flood footprints for Canada will be made available as a layer on CatIQ’s CatHUB module. “Aon Impact Forecasting’s Canadian…
Uber launches fleet of mapping vehicles in Vancouver ahead of fall rollout
August 10, 2017 The Canadian Press (CPSTF)VANCOUVER – A popular ride-hailing company wants to get the lay of the land as it gears up to hit the streets of Metro Vancouver by the end of the year. Uber Canada is launching an urban mapping program this…
Understanding of insider threat far from complete: U.S. report
August 9, 2017 by Canadian UnderwriterAlmost half of respondents to a recent U.S. survey are unaware of the potential for financial losses associated with an insider incident and a third do not know how much related losses are costing their organizations. Findings indicate many organizations…
Security Blanket
August 8, 2017 Andre Boysen Chief Identity Officer, SecureKey TechnologiesBusinesses have plenty of stored data on their systems, some of it not currently being used and unlikely to be used in future. This information could prove fertile ground for hacking and potentially expensive breaches. A well-conceived purge may be necessary in order to ensure stored data does not turn toxic.