Topic Cyber
Why this client can only recover $50,000 on a $2.7-million commercial crime claim
October 16, 2020 by Greg MeckbachAn electronics distributor that lost nearly $2.7-million because its accounts payable staff were duped by fraudsters cannot claim under policy wording covering funds transfer fraud, a Quebec court has ruled. In Future Electronics Inc. (Distribution) Pte Ltd. v. Chubb Insurance…
Cybersecurity poll finds 84% rethink engaging with businesses hit by data breach
September 30, 2020 by The Canadian Press - David PaddonTORONTO – A large majority of Canadians are reluctant to do business with companies that suffer a data breach, according to a new study released Monday by KPMG. The report also says about one-quarter of the people surveyed for the…
Locked-up computer systems only part of ‘terrifying’ ransomware scourge
September 28, 2020 by Colin Perkel - THE CANADIAN PRESSTORONTO – A shadowy group of cyber criminals that attacked a prominent nursing organization and Canadian Tire store has successfully targeted other companies with clients in governments, health care, insurance and other sectors. Posts on their NetWalker “blog” indicate the…
The insurance implications of virtual healthcare in the COVID era
September 24, 2020 by Jason ContantAs more and more Canadians take advantage of virtual healthcare options during the COVID-19 pandemic, brokers and insurers need to make sure their clients have adequate insurance protection for this emerging risk. The move to medical consultations by video or…
Winners and losers of the COVID-19 quarter
September 24, 2020 by David GambrillAlthough COVID-19 infected the underwriting results of the entire P&C insurance industry, it did not affect all insurance organizations equally, as recent data released by MSA Research shows. “The overall picture that emerges at the end of June is one…
Some CRA online services remain unavailable a month after cyberattacks
September 24, 2020 by Jacob Serebrin - THE CANADIAN PRESSMore than a month after the Canada Revenue Agency took its website offline in the wake of a major cyberattack, the federal tax collection agency won’t say when it expects its online services to fully return to normal. A number…
One COVID cyber threat you may not have considered
September 22, 2020 by Jason ContantCyber exposure for your clients has shifted from the obvious operational standpoint of remote working during the COVID-19 pandemic to a data retention standpoint, a Gallagher executive said recently. “Many organizations are collecting personal health information on employees, maybe on…
Ministers warn COVID-19 researchers anew of threat of hostile actors
September 15, 2020 by The Canadian PressOTTAWA – A trio of federal cabinet ministers is warning COVID-19 researchers to take additional precautions to protect their efforts from thieves and vandals. The statement Monday says the federal government is concerned about “hostile actors” targeting pandemic-related research in…
Appeal judge: Is the lack of a privacy-breach tort in this province ‘anachronistic’?
September 14, 2020 by Greg MeckbachBritish Columbia’s courts need to take a close look at the question of whether the province has a tort for breach of privacy, an appeal court judge suggested in a recent decision arising from a data breach at a Vancouver-based…
Personal info of kids with disabilities accidentally shared: Manitoba government
August 28, 2020 by The Canadian PressWINNIPEG – The Manitoba government says human error resulted in the personal information of 9,000 children with disabilities being unintentionally shared. The province says the breach occurred on Wednesday when staff from Children’s Disability Services sent an email intended for…
How COVID-19 has changed selling cyber insurance
August 21, 2020 by Adam MalikBrokers and insurers should expect an upswing in cyber insurance demand, if they haven’t seen it already, as the workforce shifts in the wake of the COVID-19 pandemic, a number of reports suggest. Just over a third (34%) expect to…
Canada Revenue Agency suspends online services after cyberattacks
August 17, 2020 by Lee Berthiaume - THE CANADIAN PRESSOTTAWA – The Canada Revenue Agency has temporarily suspended its online services after two cyberattacks in which hackers used thousands of stolen usernames and passwords to fraudulently obtain government services and compromise Canadians’ personal information. A total of 5,500 CRA…