Keyword
Breach
BHSI launches professional liability, network security and privacy policy in Canada
March 21, 2017 by Canadian UnderwriterBerkshire Hathaway Specialty Insurance (BHSI) has introduced a product designed to address the needs of a variety of enterprises, from systems integrators to telecommunications providers to IT staffing firms. The Professional First Professional Liability and Network Security & Privacy Policy,…
Captive Audience
March 1, 2017 Greg Meckbach, Associate EditorThere is an increased interest in using captives to cover cyber risk. With cyber risk changing so rapidly, contributing to making the risk difficult to underwrite, some industry experts expect that interest to grow.
Only 43% of Canadian companies could detect a sophisticated cyberattack, EY study finds
February 15, 2017 by Canadian UnderwriterOnly 43% of Canadian companies could spot a “significant cybersecurity incident,” compared to 50% globally, according to EY’s Global Information Security Survey, released on Wednesday. The survey captured the responses of 1,735 participants around the globe from more than 20…
Personal and health-related information most desirable breach target, big risk for insurance: KPMG speaker
December 12, 2016 Angela Stelmakowich, EditorData breaches involving personal and health-related information are a “huge risk for those in the insurance industry” given that the shelf-life of the data likely runs as long as the affected individual remains alive, Kevvie Fowler, national leader of cyber…
Province of Manitoba advises that former health department employee inappropriately accessed personal health information
November 16, 2016 by Canadian UnderwriterManitoba Health, Seniors and Active Living (MHSAL) has reported that a former health department employee inappropriately accessed the personal health information of 197 people, including names, addresses and dates of birth. MHSAL said on Monday that an internal investigation revealed…
Organizations must focus more on people, not just technology, to combat privacy breaches: lawyer
October 26, 2016 by Angela StelmakowichThe people component of privacy breaches is critically important, demanding greater focus going forward in light of an environment where both related individual and class actions are on the rise, Patrick Hawkins, a partner with Borden Ladner Gervais LLP suggested…
Cyber and data privacy breaches top risk for global transportation industry executives: Willis Towers Watson study
October 3, 2016 by Canadian UnderwriterThe increased security threat from cyber and data privacy breaches is the number one risk on the minds of executives in the global transportation industry, according to a new report released on Monday by Willis Towers Watson (WTW). Willis Towers…
Report details missed opportunities to stop OPM cyber breach
September 7, 2016 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…
Fears of further personal information exposure following cyberattack would prevent some consumers from shopping at breached retailer: study
August 23, 2016 by Canadian UnderwriterFears of further exposure of personal information following a cyberattack would prevent 33% of consumers from shopping at a breached retailer for at least three months, according to a recent survey from KPMG LLP, the audit, tax and advisory firm.…
Drop in traditional malware and rise in mobile malware, but vigilance still key: U.S. research
August 19, 2016 by Canadian UnderwriterThe number of active malware families attacking business networks fell by 5% in July – representing the first such decrease in four months – while mobile variants rose, notes new threat research from Check Point Software Technologies Ltd. Check Point…
Need for cultural shift to improve cyber security awareness: Wombat Security
July 7, 2016 by Canadian UnderwriterIt is disheartening to see how the end-user is being managed when it comes to combating cyber security threats, suggests Amy Baker, vice president of marketing for Wombat Security Technologies, Inc. “Insider threats are widely discussed and well-recognized, so it…
Nearly half of polled firms with cyber insurance unsure if their policies are up-to-date for covering new attacks
June 7, 2016 by Canadian UnderwriterAlmost half of firms with cyber insurance are unsure if their policy is up-to-date for covering new cyber social engineering attacks, according to research from Mimecast Limited, an email and data security company. Research from the company into the growing…