Keyword
Breach
Mandatory breach requirements effective November 1. Here’s what to do.
April 11, 2018 by Jason ContantWith mandatory breach notification requirements coming into effect on November 1, Canadian businesses will need to focus on two factors to prepare: 1) a risk assessment, and 2) determining the decision makers in the company and a breach response plan.…
Average Canadian company faces $3.7 million in cyber exposure
February 9, 2018 by Jason ContantThe cost to recover from security breaches in Canada averages $3.7 million in direct and indirect costs per organization, including network down time, employee work days, lost files and compromised information, according to a new survey. Of that amount, the…
The best way to remember the password “&^$$%$&*11GHHffff”
December 14, 2017 David Gambrill, Editor-in-ChiefAlmost all (99%) of U.S. business professionals surveyed in the third part of Intermedia’s 2017 Data Vulnerability Report admitted to doing at least one potentially dangerous action that increased the likelihood of a workplace data breach. These risky actions included…
Uber hack raises disclosure concerns, calls for stronger data protection
November 23, 2017 Ian Bickis - THE CANADIAN PRESSThe theft of details on millions of Uber customers, and the company’s efforts to cover up the breach, have raised alarms among privacy experts and renewed calls for better data protection laws in Canada. Uber admitted Tuesday that hackers stole…
Uber isn’t saying how many Canadians were affected by year-old hack
November 22, 2017 The Canadian Press (CPSTF)TORONTO – Privacy advocates are raising alarms at Uber’s reluctance to disclose a year-old security breach that saw hackers steal the personal information of millions of customers around the world. Uber admitted Monday that hackers stole names, email addresses and…
Equifax faces growing scrutiny as CAA says 10,000 may be impacted
September 15, 2017 Armina Ligaya and David Hodges - THE CANADIAN PRESSTORONTO – Equifax Canada is facing intensifying calls for transparency on its massive cyberhack as the Canadian Automobile Association informs thousands of its members that their data may have been compromised and frustrated consumers ask questions about why they’re being…
Federal privacy commissioner asks Equifax for information on affected Canadians
September 13, 2017 by Canadian UnderwriterThe Office of the Privacy Commissioner of Canada (OPC) announced on Tuesday that it has “advised Equifax to provide information to affected Canadians as soon as possible” following last week’s data breach that affected an estimated 143 million people in…
Charting the Course
September 13, 2017 Fred Eslami, Senior Financial Analyst, A.M. Best CompanyCyber insurance seems like it is poised to go it alone. Growth of the line — currently in the United States and perhaps in future in Canada — is taking shape as a stand-alone offering. What are the benefits of such a move?
Cyber threat landscape growing, potential for emergence of destruction of service attacks: Cisco
July 20, 2017 by Canadian UnderwriterThe potential for “destruction of service” (DeOS) attacks is greatly concerning and organizations would be well-advised to adopt a proactive cyber stance in their protection efforts to combat increasingly sophisticated attackers, warns a new report from Cisco. “Cyber incidents such…
One in four hide cybersecurity incidents from employers, global Kaspersky survey finds
July 10, 2017 by Canadian UnderwriterForty per cent of employees around the globe hide IT security incidents to avoid punishment, according to a new report from cybersecurity company Kaspersky Lab and market research company B2B International. The report, titled Human Factor in IT Security: How…
Employee awareness, training key to building a solid cyber security culture: Echols
June 22, 2017 by Canadian UnderwriterA little competition could be a good thing, especially when it comes to building a cyber security culture, cyber expert Michael Echols suggested last week during a symposium co-hosted by the Travelers Institute and Economic Club of Canada. Developing a…
Cyber insurance policies expected to become more similar in next few years: CIFF speaker
May 26, 2017 by Angela StelmakowichA lot more convergence in cyber insurance policies is expected within the next few years as policies, exclusions and wording get tested and case law develops, John Elbl suggested Wednesday during a panel discussion at MSA Research Inc.’s Canadian Insurance…