Canadian Underwriter

Topic Cyber

A row of computer monitor workstations
News ClaimsClaims Canada ArchiveCyberNewfoundland & LabradorTechnology

Cybersecurity issue delays in-person classes at Newfoundland’s Memorial University

January 3, 2024 by The Canadian Press

ST. JOHN’S, N.L. – A Memorial University campus in western Newfoundland is the latest Canadian post-secondary institution to be grappling with what officials are calling a “cybersecurity incident.” The beginning of most in-person classes for the winter semester at Memorial’s

Greg Purdy
News Claims TechnologyCyberTechnology

2024 Executive Outlook | Greg Purdy, Rival Insurance Technology

December 27, 2023 by Canadian Underwriter Staff

At a high level, we expect 2024 to be a challenging year for the industry. We have no clear picture on where interest rates may land when approximately half of Canadian mortgages renew in 2025, and we have historic levels

David Bowcroft
News BrokersCyberRisk Managers

2024 Executive Outlook | David Bowcott, NFP

December 19, 2023 by Canadian Underwriter Staff

David Bowcott, co-leader, NFP Construction & Infrastructure Group As we enter 2024, signs exist the Canadian P&C insurance hard market is abating. But clients are nevertheless putting in place measures they hope will sustain them through future hardening. We are beginning

fortunetelling 2024 with a golden crystal ball in a hand, festive atmosphere for happy new year party or award ceremony or other holiday celebrations, 3d illustration
News BrokersClaimsClaims ProfessionalsCommercialCommercial AutoCyberEmerging RisksInsurersPersonal AutoPersonal HomeRisk Managers

Introducing our 2024 Executive Outlook series

December 19, 2023 by David Gambrill

In the 1942 classic film Casablanca, Ilsa Lund, played by Ingrid Bergman, urges the piano player Sam to play the song “As time goes by.” It’s a favourite tune she shares with the lead man in the film, Rick Blaine,

Chat with AI
News CommercialCyberTechnology

4 ways ChatGPT could worsen cyber risk

December 14, 2023 by Jason Contant

Language models like ChatGPT could be used by bad actors to re-write software code and better prepare phishing emails, a cyber specialist warned recently.  The state-of-the-art language generation model is capable of understanding and generating human-like text based on a

Cybersecurity of file-transfer systems
News ClaimsClaims Canada ArchiveCommercialCyberLegalNova ScotiaTechnology

Nova Scotia privacy commissioner to investigate file-sharing cyber breach

December 8, 2023 by The Canadian Press

HALIFAX – Nova Scotia’s information and privacy commissioner has launched an investigation into the theft of personal information from a file-transfer system used by the provincial government. In June, the government confirmed a cybersecurity breach involving a third-party system known

Magnifying glass in the laptop in the dark
News ClaimsClaims Canada ArchiveCyberLegalMGAsTechnology

Why it’s important to understand legal privilege after a breach

December 7, 2023 by Jason Contant

A recent court ruling in Australia concerning the primary purpose of a forensics report following a cyberattack serves as a crucial reminder about legal privilege for Canada’s cyber insurance market. In a Nov. 10 decision, the Federal Court of Australia

A bearded young man studying a computer screen displaying images of the earth with moving graphics. He’s surrounded by out of focus, colourful displays and reflections showing moving global graphics that are out of focus.
News ClaimsCyberEmerging RisksInsurersLoss TrendsRisk ManagersTechnology

Hacker U, leaked nudes and AI: predicting 2024 cyber threats

December 5, 2023 by David Gambrill

Hacking courses for amateurs, leaked nudes and AI-supported scams are popular cyber threats identified in dark web forums, a cybersecurity firm has warned. NordVPN is a global virtual private network (VPN) service provider founded in 2012. It establishes secure digital

Phone call from an unknown number - possible scam fraud or phishing
News ClaimsClaims Canada ArchiveCommercialCyberLegalLoss ControlTechnology

Government impersonation, phishing are top financial scams, Interac survey finds

November 30, 2023 by Ritika Dubey - THE CANADIAN PRESS

TORONTO – Government impersonation is one of the most common financial scams plaguing people across Canada, a new survey from payment processing company Interac Corp. has found. The report, released Tuesday, said 42 per cent of survey respondents reported dealing

Trois-Rivières, Quebec
News Business InterruptionCommercialCyberInsurersLegalOperationsQuebecSupply Chain

What worries Canadian businesses about Quebec’s language law

November 22, 2023 by Jason Contant

Quebec’s recently enacted French-language law is causing some Canadian businesses concerns about compliance and even fear of losing employees, a new business risk report from Beazley suggested. Bill 96, An Act respecting French, the official and common language of Québec,

Global cyberattack
News ClaimsClaims Canada ArchiveCommercialCyberInsurersTechnology

Is it time for a new approach to systemic cyber?

November 10, 2023 by Jason Contant

Systemic cyber risk needs to be tackled with more capacity and ways of dealing with the attritional cyber market, Marc Lipman, president and attorney-in-fact at Lloyd’s Canada, suggested during an industry event last month. “Just like there developed a traditional,

Business benefits professional signing a piece of paper on a clear desk
News BrokersCommercialCyberInsurersMergers and Aqcuisitions

What’s new about Westland’s latest deals

November 10, 2023 by Alyssa DiSabatino

Westland Insurance announced its partnership with employee benefits and retirement solutions provider Prime Benefits Group Inc.  Westland said the deal is part of its strategy to enhance its group benefits portfolio and strengthen its position in the Canadian market.   Based