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Worldwide information security spending to grow 7.9% this year to reach US$81.6 billion: Gartner

August 9, 2016 by Canadian Underwriter

Worldwide spending on information security products and services will reach US$81.6 billion this year, an increase of 7.9% over 2015, according to the latest forecast from Gartner, Inc., an information technology research and advisory company based in Stamford, Conn. Consulting

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2016 malware levels nearly four times 2015 totals, cybersecurity company finds

July 22, 2016 by Canadian Underwriter

A security analyst team at AppRiver, a cloud-based cybersecurity company based in Gulf Breeze, Fl., has quarantined 4.2 billion emails containing malware in the second quarter of 2016, “pointing to a continued increase in malware traffic this year.” The emails

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Impact Forecasting launches new cat modelling platform, including new flood models for Canada

July 12, 2016 by Canadian Underwriter

Impact Forecasting announced on Tuesday that it has launched ELEMENTS 10, its complete catastrophe modelling platform, which includes new flood models for Canada. ELEMENTS 10 offers the ability to run insurers’ own or third-party model, plus access to new flood

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Corporate “no-cloud” policies will be as rare as “no-Internet” policies by 2020: Gartner

June 22, 2016 by Canadian Underwriter

By 2020, a corporate “no-cloud” policy will be as rare as a “no-Internet” policy is today, according to a new report from information technology research and advisory company Gartner, Inc. Cloud-first, and even cloud-only, is replacing the defensive no-cloud stance

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Increasing adoption of cloud services primary driver of growth in global critical infrastructure protection market: research

June 9, 2016 by Canadian Underwriter

The increased adoption of cloud-based services among enterprises is the primary driver for growth in the global critical infrastructure protection market, according to global market research company Technavio. Research analysts at Technavio predicted on Wednesday that the global critical infrastructure

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IBM to teach Watson computer system “language of cybersecurity”

May 10, 2016 by Canadian Underwriter

IBM Security has announced that eight universities – including three in Canada – will help train its Watson computer system on the “language of security” as part of a year-long research project. Watson for Cyber Security, a new cloud-based version

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Worldwide IoT security spending to reach US$348 million in 2016, up 23.7% from 2015: Gartner

April 26, 2016 by Canadian Underwriter

Worldwide spending on security related to the Internet of Things (IoT) will reach US$348 million in 2016, a 23.7% increase from 2015 spending of US$281.5 million, according to Gartner, Inc. Gartner, an information technology research and advisory company based in

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Kanetix Ltd. partners with ClientDesk to help insurance industry engage with customers digitally

April 25, 2016 by Canadian Underwriter

Kanetix Ltd. has partnered with ClientDesk Inc. to offer a new insurance solution to insurance providers, intermediaries and their customers – a mobile self-service technology for policyholders that allows insurance providers to connect with their clients via a mobile app.

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North American workers exhibit risky cloud behavior, study finds

April 14, 2016 by Canadian Underwriter

Enterprise cloud adoption has matured in recent years, but employees using cloud apps continue to display “reckless technology habits” that put their employers at risk, according to a study released on Wednesday by a North American IT solutions and managed

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First open source cyber scenario released by AIR Worldwide during RIMS 2016

April 11, 2016 Angela Stelmakowich, Editor

SAN DIEGO — Catastrophe modelling firm AIR Worldwide has launched what it calls the first open source deterministic cyber risk scenario, a move meant to help individual companies and the insurance industry as a whole better understand aggregated risk from

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RMS launches app to model ‘cat-in-a-box’ deals

April 7, 2016 by Canadian Underwriter

Risk Management Solutions, Inc. (RMS) announced on Thursday that it has released the “first ever” app to model ‘cat-in-a-box’ deals. The cloud-based app extends the ability to independently assess and underwrite parametric contracts from a small group of cedant, brokers