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Executives want insurance decision-making to be faster: PwC report

June 29, 2016 by Canadian Underwriter

Executives want decision-making to be faster, especially in insurance, banking and healthcare, according to a report released earlier this week by PricewaterhouseCoopers (PwC). The 2016 Big Decision Survey, released on Monday, focused on how enterprises around the world, including Canada,

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Malware an increasingly efficient, effective way to perpetrate data breaches

June 28, 2016 by Angela Stelmakowich

Everything is going automatic – and those looking to perpetrate data breaches with malware are no different – emphasizing the need for individuals and organizations to be better prepared to keep the cyber door closed to potential threats. With the

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Volkswagen reaches US$15 billion settlement agreement related to emissions scandal

June 28, 2016 by Canadian Underwriter

Volkswagen AG announced on Tuesday that it has reached settlement agreements with various United States government agencies, private plantiffs and 44 states regarding the emissions scandal, agreements totalling more than US$14 billion. The so-called emission scandal erupted last September when

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Insider corporate data theft and malware infections among biggest threats to digital businesses in 2016: Accenture and HfS Research study

June 27, 2016 by Canadian Underwriter

Insider data theft and malware attacks top the list of the most significant concerns for global enterprise security executives, according to a new report from Accenture and HfS Research. The survey, titled The State of Cybersecurity and Digital Trust 2016,

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Ontario searching for first-ever Chief Digital Officer

June 24, 2016 by Canadian Underwriter

Ontario’s Ministry of Advanced Education and Skills Development announced on Friday that the province is kicking off a global search for its first Chief Digital Officer (CDO) to lead Ontario’s “transformation to become the most open, transparent and digitally connected

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New first responder radio system, used during Fort McMurray wildfire, launching in Alberta on July 1

June 23, 2016 by Canadian Underwriter

The province of Alberta has announced that a new first responder radio system will launch on July 1. The Alberta First Responders Radio Communications System (AFRRCS) will let first responders communicate with each other more effectively, Alberta Justice and Solicitor

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AP Sources: VW to pay near $10.2B to settle emissions claims

June 23, 2016 Tom Krisher and Michael Biesecker - THE ASSOCIATED PRESS

DETROIT – Volkswagen has agreed to take a series of steps with a total cost of about $10.2 billion to settle claims from its unprecedented diesel emissions cheating scandal in the U.S., two people briefed on the matter said Thursday.

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Enterprises struggling to manage big data flows: global survey

June 23, 2016 by Canadian Underwriter

Big data is proving to be bad data for some surveyed enterprises, with almost nine in 10 reporting they believe they are flowing bad data into their data stores, note results of a global survey issued Wednesday by StreamSets. The

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Corporate “no-cloud” policies will be as rare as “no-Internet” policies by 2020: Gartner

June 22, 2016 by Canadian Underwriter

By 2020, a corporate “no-cloud” policy will be as rare as a “no-Internet” policy is today, according to a new report from information technology research and advisory company Gartner, Inc. Cloud-first, and even cloud-only, is replacing the defensive no-cloud stance

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Former Telus computer security expert launches cyber breach investigation provider

June 22, 2016 by Canadian Underwriter

A recently-launched Toronto-based firm, Cytelligence Inc., says it offers to investigate cyber breaches, review clients’ business continuity plans and take into consideration the “pros and cons of cyber insurance” for its clients. Cytelligence announced Wednesday it was launched by Daniel

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Cyber security enters U.S. manufacturers’ Top 10 risks: BDO

June 22, 2016 by Canadian Underwriter

Cyber security now ranks among the Top 10 risk factors of manufacturers south of the border, notes a report issued Tuesday by accounting and consulting organization BDO USA, LLP. The lion’s share of manufacturers in the United States analyzed in

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U.S. executives struggling to measure and mitigate strategic risks: survey

June 21, 2016 by Canadian Underwriter

Nearly two-thirds (64%) of executives in the United States see strategic risk as a “highly significant threat” to their organizations compared to other types of risk – including compliance, operational and financial – according to a new survey from independent