Topic Technology
U.S. data breaches increased at record pace during first half of 2017
July 24, 2017 by Canadian UnderwriterThe number of data breaches in the United States tracked through June 30 hit a half-year record high of 791, according to recent numbers release by the Identity Theft Resource Center (ITRC) and CyberScout, a provider of identity protection solutions.…
Lyft forms own autonomous vehicle unit, will open network
July 24, 2017 by The Associated PressDETROIT – Lyft said Friday that it is setting up its own unit to develop autonomous vehicle technology, but its approach will be different from other companies and partnerships working on self-driving cars. The San Francisco-based ride-hailing service said it…
Platform provider revenues for sharing economy forecast to double in 2022: Juniper Research
July 24, 2017 by Canadian UnderwriterThe move by established sectors to press their first-mover advantage looks poised to push growth in the sharing economy much higher over the next five years, reaching US$40.2 billion in 2022, notes a new research report released Monday by U.K.-based…
Cyber work diagnostic tool to help foster a cyber-savvy workforce by making people the focus: Willis Towers Watson
July 21, 2017 by Canadian UnderwriterWillis Towers Watson (WTW) has launched a new cyber work diagnostic tool designed to help bolster organizational readiness by focusing on talent management, emerging skills and roles, and defining the requirements of cyber work. The idea is to combat an…
Chubb’s multi-line practice to focus on large transportation clients in U.S. and Canada, help address wide range of risks
July 20, 2017 by Canadian UnderwriterChubb’s newly launched multi-line industry practice will focus on providing insurance products, service and risk management solutions for best-in-class large risk transportation clients in both the United States and Canada. The formalization of the practice, within the insurer’s Major Accounts…
Extreme cloud attack could pack as much of a cost wallop as Hurricane Sandy
July 18, 2017 by Canadian UnderwriterA malicious hack that fells a cloud service provider for a time has the potential to produce estimated economic losses of as much as US$53 billion, in line with the hit delivered by Superstorm Sandy, suggests a new research scenario…
$11.2-million settlement proposed in Ashley Madison data security breach
July 17, 2017 by Paola Loriggio - THE CANADIAN PRESSThe Toronto-based parent company of the infidelity dating site Ashley Madison says it has reached a US$11.2-million settlement an American class-action lawsuits stemming from a massive security breach two years ago. Ruby Corp., which was previously known as Avid Life…
Applying blockchain technology could slash US$40 billion in costs for financial services: BIS Research
July 17, 2017 by Canadian UnderwriterImplementing blockchain technology could produce hefty cost savings in the billions of dollars annually for the financial services market, suggests a new report released Friday by Minnesota-based BIS Research. Characterizing blockchain as a revolutionary development, its application “could lead to…
Misconfigured cloud-based file repository exposes personal information of as many as 14 million U.S. Verizon customers
July 14, 2017 by Canadian UnderwriterA “misconfigured cloud-based file repository” exposed the names, addresses, account details and account personal identification numbers (PINs) of as many as 14 million U.S. customers of telecommunications carrier Verizon, according to a recent blog from computer security company UpGuard. The…
CRU Adjusters teams up with Kespry’s industrial drone platform for adjusting property claims
July 13, 2017 by Canadian UnderwriterCRU Adjusters, an independent adjusting firm specializing in customized claims handling solutions in Canada and the United States, has announced a collaboration with Kespry’s industrial drone platform to power CRU’s drone division for adjusting property claims. The collaboration, after more…
California firm Digital Map Products acquires DMTI Spatial
July 12, 2017 by Canadian UnderwriterIrvine, Calif.-headquartered Digital Map Products, Inc. (DMP), a geospatial mapping technology and intelligence firm, announced on Wednesday that it has acquired DMTI Spatial from Neopost Canada. The “acquisition of Canada’s market leader in location-based information and data quality expands DMP’s…
Vancouver mobile app development company launches pilot program to protect Canadians from distracted driving
July 12, 2017 by Canadian UnderwritereBrake Technologies Inc., a mobile app development company founded in Vancouver in June 2016, announced on Wednesday a pilot program that will offer a smartphone app designed to prevent distracted driving. The pilot program will offer smartphone app eBrake to…