Topic Technology
Global banking, financial services and insurance security market to grow to US$48.95 billion by 2021: report
September 9, 2016 by Canadian UnderwriterThe global banking, financial services and insurance (BFSI) security market is estimated to grow to nearly US$50 billion by 2021, driven by regulatory, security and cyber factors. Market research firm MarketsandMarkets said in a report released Thursday that the BFSI…
One cryptomalware attack can cost a small- or medium-sized business up to US$99,000: Kaspersky
September 9, 2016 by Canadian UnderwriterOne cryptomalware attack can cost a small or medium business (SMB) up to US$99,000 on average, according to recent research from global cybersecurity company Kaspersky Lab. And “despite the fact that cybercriminals do not guarantee the return of corporate data,…
Quebec taxi lobby furious with Uber deal; considering legal action, protests
September 9, 2016 by The Canadian PressMONTREAL – Quebec’s taxi lobby called the government’s nascent deal with Uber a betrayal and a humiliation, while Premier Philippe Couillard countered Thursday the one-year pilot project doesn’t pose a threat to the traditional cabbie industry. Taxi drivers blocked traffic…
Scientists use undersea drones to help predict hurricanes
September 8, 2016 by Mark Pratt - THE ASSOCIATED PRESSBOSTON – As Hermine worked its way up the East Coast, scientists deployed several underwater drones they say will help them better understand what sustains and strengthens hurricanes and tropical storms – and ultimately better protect life and property. The…
Changes to SGI’s Safe Driver Recognition program take effect in October
September 8, 2016 by Canadian UnderwriterChanges to Saskatchewan Government Insurance’s (SGI) Safe Driver Recognition (SDR) program, which rewards the safest drivers with the biggest discounts and imposes stiffer consequences for high-risk drivers, take effect on Oct. 12. The program was implemented in 2002 to reward…
Report details missed opportunities to stop OPM cyber breach
September 7, 2016 by Eric Tucker - THE ASSOCIATED PRESSWASHINGTON – It was time to purge the hacker from the U.S. government’s computers. After secretly monitoring the hacker’s online movements for months, officials worried he was getting too close to critical information and devised a plan, dubbed “the Big…
Symcor announces strategic relationship with Majesco to deliver a cloud-based solution to Canadian insurers
September 7, 2016 by Canadian UnderwriterSymcor Inc., a Canadian provider of business processing and client communications management systems, announced on Wednesday a strategic relationship with Majesco, a global provider of core insurance software, consulting and services for insurance business transformation. The strategic relationship adds Majesco’s…
U.S. millennials may not view insurance as “boring” after all: Vertafore
September 6, 2016 by Canadian UnderwriterMore than 90% of the millennials in the U.S. taking part in a Vertafore survey say they view the industry as fulfilling for long-term careers that meets important criteria commonly identified as essential for job satisfaction. The finding is at…
ICBC, police and government join forces for month-long distracted driving campaign
September 1, 2016 by Canadian UnderwriterThe Insurance Corporation of British Columbia (ICBC), provincial police and the B.C. government are teaming up to launch a month-long campaign to tackle distracted driving, which is responsible for approximately one-quarter of all fatal crashes in the province. ICBC said…
‘Intelligent,’ tailored cyber insurance solution launched in Canada
September 1, 2016 by Canadian UnderwriterDavid Peterson, chairman of business law firm Cassels Brock & Blackwell LLP, and U.S. Governor Tom Ridge, the first U.S. Secretary of Homeland Security and former governor of Pennsylvania, announced on Thursday the launch of Ridge Canada Cyber Solutions, Inc.,…
Lost or stolen devices account for one-quarter of breaches in U.S. financial services sector: study
September 1, 2016 by Canadian UnderwriterLost or stolen devices accounted for one in four breaches in the financial services sector in the United States, according to a recent study from Bitglass, a total data protection company based in Campbell, Calif. The Silicon Valley cloud access…
Social media the most dangerous medium for individual, corporate public image, new Canadian poll finds
August 31, 2016 by Canadian UnderwriterSocial media is the medium most able to cause damage to the public image of an individual or organization, according to the results of a new Nanos Research poll. Toronto-based Signal Leadership Communication Inc. (SLC), a social PR consultancy for…