Keyword
Beazley
What worries Canadian businesses about Quebec’s language law
November 22, 2023 by Jason ContantQuebec’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,…
Insurers reveal a popular attack of choice for cyber-criminals
November 1, 2019 by Jason ContantAnother insurer is reporting a rise in ransomware attacks. Specialist insurer Beazley said Thursday that the targeting of IT vendors by cyber criminals contributed to a 37% increase in reported ransomware incidents in the third quarter of 2019 compared to…
Should cyber insurance products become more standardized?
June 10, 2019 by Jason ContantHow far along is the Canadian insurance industry in terms of cyber product standardization? While some of the standard language for base coverage has become more standardized over the years, there is still an overall general lack of standardization. There…
This sector is the most targeted by cyber criminals
March 29, 2019 by Jason ContantThe healthcare industry continued to be the most targeted sector by cyber criminals in 2018, accounting for 41% of attacks, according to the Beazley 2019 Breach Briefing, released Tuesday. “Healthcare records are more valuable to attackers and sell for significantly…
The new, darker social engineering threat
February 28, 2019 by Jason ContantNeed another reason to convince your clients to take a look at cyber insurance? One good starting point is keeping them informed on the latest cyber threats. One such risk is a new, darker strain of social engineering called “sextortion”…
Beazley Canada appoints territory manager for eastern Canada
July 4, 2018 by Jason ContantSpecialist Lloyd’s insurer Beazley has appointed Jo-Anne Hawthorne as territory manager for eastern Canada. Reporting to Cheryl Hobbs, Hawthorne will be responsible for developing closer relations with brokers in Ontario, Atlantic Canada, Ottawa and Quebec, with a view to building…
Insuring your client’s reputation against cyber breach? Good luck with that.
April 14, 2018 by David GambrillBusinesses wishing to insure their brand reputations against a cyber breach are going to find a hard time finding policies to cover that. “This is a huge area of concern for insurance,” says Catherine Evans, vice president-FINPRO at Marsh Canada…
For how long will a ransomware attack knock out your client’s operations?
March 5, 2018 by Jason ContantCompanies in Canada and the United States can expect one week of downtime as a result of a ransomware attack, speakers said at NetDiligence’s recent Cyber Risk Summit in Toronto. “A decryption effort, even in the best case scenario, is…
Cyberattacks will increasingly lead to business interruption, cyber insurer warns
February 22, 2018 by Jason ContantCyber insurer Beazley is expecting an increase in cyberattacks that lead to business interruption, especially due to the growth of cloud platforms and connected devices in the workplace. On Wednesday, Beazley released its 2018 Breach Briefing outlining the types of…
Why cybercriminals are stepping up attacks against your small business clients
January 18, 2018 by Jason ContantThe operating model for cybercrime appears to have changed, with criminals using ransomware to target smaller companies and ask for smaller currency amounts, a cyber underwriter with Beazley told Canadian Underwriter on Wednesday. Jimaan Sané said cybercriminals used to attack…
Beazley reports nine-fold rise in data breaches due to social engineering in first three quarters of 2017
October 24, 2017 by Canadian UnderwriterSpecialist insurer Beazley has reported a nine-fold increase in data breaches due to social engineering in the first to third quarters of this year. In the first three quarters of 2016, attacks involving social engineering – a form of attack…
Ransomware attacks continue to rise, but accidental data breaches remain a major cause of loss: Beazley
August 1, 2017 by Canadian UnderwriterRansomware attacks continued their rise in the first half of 2017, up by 50% over the first half of 2016, but accidental breaches continue to be a major problem and account for 30% of breaches overall, specialist insurer Beazley reported…