Topic Risk Managers
Marriott data breach could cost over $200 million: AIR
December 20, 2018 by Greg MeckbachThe hacking of a hotel reservation system affecting Sheraton, Westin, Starwood and Marriott could cost up to $600 million for direct losses alone, AIR Worldwide said this week. AIR, a subsidiary of Verisk Analytics Inc. that produces catastrophe loss models,…
How not to deal with a ransomware attack
December 19, 2018 by Greg MeckbachYour client should never have to negotiate with a cyber criminal even if that client has suffered a ransomware attack, cyber security experts advise. Ransomware is a type of computer malware that prevents clients from either using their computers or…
Is the number of drunk drivers in Canada decreasing?
December 18, 2018 by Jason ContantThe number of Canadians who died in a crash involving a “drinking driver” has generally decreased in recent years, but rose again in 2015, according to recent research. In 1995, 1,057 Canadians (excluding British Columbians) were killed in road crashes…
Failure to describe corruption risk cost this firm $30 million
December 18, 2018 by Ian Bickis - THE CANADIAN PRESSTORONTO – Katanga Mining Ltd. will pay $30 million to the Ontario Securities Commission for misleading statements, its failure to properly disclose risks around operating in the Democratic Republic of Congo and its reliance on a controversial billionaire businessman. A…
How business leaders influence sexual harassment attitudes
December 17, 2018 by Jason ContantThe way business leaders communicate can shape employees’ attitudes toward sexual harassment, new research has found. “Our research points to a single step that leaders can take to help reduce sexual harassment: communicate to employees that preventing it is a…
Not all Ontario schools follow this cyber security rule
December 14, 2018 by Greg MeckbachSome former school board employees can still look at children’s records – including address and date of birth – over the Internet because their access to this system has not been revoked, the Auditor General of Ontario suggested in a…
Bank robbery involves improvised explosive device
December 13, 2018 by THE CANADIAN PRESSEDMONTON – Two security guards were injured in an explosion during an overnight armed holdup at a Scotiabank branch in northeast Edmonton. Police at the scene said the guards – a man and a woman employed by GardaWorld – suffered…
This commercial insurers’ concern caught the auditor general’s attention
December 12, 2018 by Greg MeckbachConcerns from insurers about boiler explosions has prompted an Ontario safety watchdog to recommend more regulatory oversight of pressure vessels and boilers used in wineries and other agricultural operations, the auditor general noted in a recent report. “Ontario is the only…
This commercial line could see $24 million revenue increase
December 12, 2018 by Greg MeckbachFederal regulations requiring liability insurance for boats that carry passengers take effect Jan. 11, Transport Minister Marc Garneau announced Wednesday. It is estimated the industry will make $24.8 million more, over 10 years, than it otherwise would have, the federal…
Risk factors at Humboldt Broncos crash intersection identified in report
December 12, 2018 by Ryan McKenna - THE CANADIAN PRESSREGINA – A consulting firm says sight lines are a safety concern at the rural intersection where the deadly Humboldt Broncos bus crash happened. A 70-page safety review done for the Saskatchewan government says a stand of trees, mostly on…
Privacy breach hotel faces class action in Canada
December 11, 2018 by Tara Deschamps - THE CANADIAN PRESSTORONTO – Canadians who stayed at Marriott International Inc. and Starwood Canada ULC hotels are taking legal action against the companies following a security breach. At least three proposed class actions have been launched in Toronto and Montreal against the…
Cyber risk concerns behind this consumer protection law
December 11, 2018 by Greg MeckbachIdentity theft risk increases when banks release customer information to government agencies doing research, an Ontario politician suggests. “The more information flows around, the more likely there is to be a hacking. It’s just like the more you are driving…