Topic
Technology
Criminal data breaches forecast to cost global business $8 trillion in next five years: Juniper
May 30, 2017 by Canadian UnderwriterHigher levels of Internet connectivity and inadequate enterprise-wide security are expected to pave the way for criminal data breaches costing businesses around the world about $8 trillion over the next five years, suggests U.K.-based Juniper Research. Research released Tuesday indicates…
Data analysis may start to focus more on modelling the process than the data itself, CIFF speakers suggest
May 29, 2017 Jason Contant, Online EditorData analysis may start to focus more on modelling the process than the data itself, speakers suggested last week at the Canadian Insurance Financial Forum (CIFF). Although modelling began decades ago to model the process of financial catastrophes, there is…
Chipotle Mexican Grill confirms malware involving point-of-sale devices at certain restaurants
May 29, 2017 by Canadian UnderwriterChipotle Mexican Grill, Inc. has confirmed “the operation of malware designed to access payment card data from cards used on point-of-sale (POS) devices at certain Chipotle and Pizzeria Locale restaurants between March 24, 2017 and April 18, 2017.” Chipotle said…
Modernization of payment systems long overdue amid rapid changes: Bank of Canada official
May 26, 2017 Andy Blatchford - THE CANADIAN PRESSThe country’s payments infrastructure is long overdue for an update to ensure financial system stability amid the rapid advance of new technologies and the risks that accompany them, a senior Bank of Canada official said Thursday. Deputy bank governor Sylvain…
Government of Canada to develop a national Zero-Emissions Vehicle Strategy by 2018
May 26, 2017 by Canadian UnderwriterThe Government of Canada announced on Friday that it will develop a national Zero-Emissions Vehicle Strategy by 2018. Marc Garneau, the Minister of Transport, and Navdeep Bains, Minister of Innovation, Science and Economic Development, said in a statement from Transport…
Cyber insurance policies expected to become more similar in next few years: CIFF speaker
May 26, 2017 by Angela StelmakowichA lot more convergence in cyber insurance policies is expected within the next few years as policies, exclusions and wording get tested and case law develops, John Elbl suggested Wednesday during a panel discussion at MSA Research Inc.’s Canadian Insurance…
Lack of standard air traffic control phraseology leads to runway incursion risk: TSB
May 25, 2017 by Canadian UnderwriterA misinterpretation of an instruction from a ground controller, on the part of air crew on an Embraer 190, was one cause of a runway incursion in Toronto that forced an approaching Airbus 320 to pull up and go around,…
Canadians want more regulatory review of emerging technologies: Accenture
May 25, 2017 by Canadian UnderwriterCanadians prioritize regulatory reviews of drones, autonomous vehicles and online user agreements above those of other emerging technologies, according to new research from global professional services company Accenture. For the research, an Ipsos I-Say panel interviewed a sample of 1,003…
More data-based use cases likely offers greater shot at success for insurers exploring connected insurance: expert
May 24, 2017 by Canadian UnderwriterThe greatest value to insurance industry players and their customers will likely not be realized without expanding the number of data-based use cases, Matteo Carbone, founder and director of the Connected Insurance Observatory, recently suggested. “Connected insurance is about gathering…
Hurdles to digital transformation remain, half of respondents have formal strategy: global survey
May 24, 2017 by Canadian UnderwriterSome things seem to persist, including how inflexible IT systems, organizational silos and security concerns continue to rear their heads as obstacles to global enterprises adopting formal strategies for digital transformation. So suggests the Enterprise Digital Transformation Strategies: Turning Disruption…
Toyota Research Institute exploring blockchain for possible use in autonomous driving technology
May 23, 2017 by Canadian UnderwriterThe Toyota Research Institute (TRI) announced on Monday that it is exploring blockchain and distributed ledger technology (BC/DL) for use in the development of a “new mobility ecosystem that could accelerate development of autonomous driving technology.” TRI is collaborating with…
Canadian companies lag in cybersecurity investments, survey finds
May 23, 2017 by Canadian UnderwriterMore 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…