Canadian Underwriter

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Technology


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North American workers exhibit risky cloud behavior, study finds

April 14, 2016 by Canadian Underwriter

Enterprise cloud adoption has matured in recent years, but employees using cloud apps continue to display “reckless technology habits” that put their employers at risk, according to a study released on Wednesday by a North American IT solutions and managed

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Air bag danger: US counts 85M unrecalled Takata inflators

April 14, 2016 Tom Krisher - THE ASSOCIATED PRESS

DETROIT – About 85 million Takata air bag inflators that haven’t been recalled are inside cars and trucks now being driven in the U.S. and would have to be replaced if the company can’t prove they are safe, the government

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Researchers: Newer type of ransomware is harbinger of danger

April 13, 2016 Tami Abdollah - THE ASSOCIATED PRESS

WASHINGTON – An unusual strain of virus-like hacker software that exploits computer server vulnerabilities – without requiring human interaction – is a leading example of a new generation of “ransomware,” according to a new report by Cisco Systems Inc. Hackers

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Cloud technology challenging the notion of what a corporate network is: RIMS speaker

April 13, 2016 Angela Stelmakowich, Editor

SAN DIEGO – Hacktivist-type attacks like those involving Sony Pictures Entertainment and Ashley Madison have gotten very personal and are coming at a time when cloud technology is transforming corporate networks, Brad Gow, senior vice president of Endurance Insurance, said

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Beazley, Munich Re cover cyber risk up to $100 million

April 12, 2016 by Canadian Underwriter

Beazley plc announced Monday it has partnered with Munich Re’s corporate insurance partner to offer tailored cyber insurance. The products will provide coverage of up to US$100 million or 100 million euros, stated Beazley, which manages six syndicates in the

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Significant UK cyberattack could cost billions of pounds in economic losses, study finds

April 12, 2016 by Canadian Underwriter

A significant cyberattack across the United Kingdom’s critical national infrastructure could have “far-reaching and significant economic impacts” for Britain, according to a study carried out by the Cambridge Centre for Risk Studies. The report, titled Integrated Infrastructure: Cyber Resiliency in

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Cyber incidents in mining a complex topic for risk managers, mining product development has not kept pace with needs: Munich Re

April 12, 2016 Angela Stelmakowich, Editor

SAN DIEGO – It is important for risk managers in the mining sector to understand the most critical scenarios for their companies and to analyze the true impacts of cyber incidents, suggests Günter Becker, head of mining for Munich Re.

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Risk professionals must look forward to what can be done with 3D printing to get fix on related risks, RIMS attendees hear

April 11, 2016 Angela Stelmakowich, Editor

SAN DIEGO – Those in insurance and risk management will need to readjust thinking from what has gone before to what could happen in future to get a firm grasp on the potential risk picture for 3D printing moving forward,

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First open source cyber scenario released by AIR Worldwide during RIMS 2016

April 11, 2016 Angela Stelmakowich, Editor

SAN DIEGO — Catastrophe modelling firm AIR Worldwide has launched what it calls the first open source deterministic cyber risk scenario, a move meant to help individual companies and the insurance industry as a whole better understand aggregated risk from

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Canadian p&c insurers should prepare for next wave of corporate M&A: Ernst & Young

April 11, 2016 by Canadian Underwriter

Canadian property and casualty insurers should “expand risk advisory capabilities” and prepare for the “next wave” of corporate mergers and acquisitions, Ernst & Young LLP suggested in a report released Monday. In its 2016 EY Canadian property and casualty insurance

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Total spending on IT infrastructure products for cloud deployment to increase 18.9% in 2016: International Data Corporation

April 11, 2016 by Canadian Underwriter

Total spending on IT infrastructure products for deployment in cloud environments will increased by 18.9% in 2016, according International Data Corporation (IDC), a global provider of market intelligence, advisory services and events for the information technology, telecommunications and consumer technology

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Experts caution self-driving cars aren’t ready for roads

April 11, 2016 Joan Lowy - THE ASSOCIATED PRESS

WASHINGTON – Self-driving cars are more likely to hurt than help public safety because of unsolved technical issues, engineers and safety advocates told the government Friday, countering a push by innovators to speed government approval. Even a trade association for