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cyber breach

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Deal or no deal? What happens when you’re breached during M&A transaction

April 3, 2023 by Alyssa DiSabatino

An M&A transaction can become even more complicated for both seller and buyer alike when a cyber breach occurs during the deal, experts at NetDiligence Cyber Risk Summit shared.  Due diligence and adequate representations and warranties (R&W) coverage during the

Dollar bills falling from above over a cyber background of binary code
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Why experiencing a cyber breach may make for a better M&A deal

March 30, 2023 by Alyssa DiSabatino

It’s not going to be a walk in the park, but experiencing a cyber breach isn’t necessarily all doom and gloom, either.  A cyber-attack may help an industry organization up the ante on their cybersecurity — and that makes them

A virtual screen shows the words intellectual property, along with a lightbulb, padlock, target, megaphone and other various icons
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Organizations more willing to pay ransom for this type of data breach

November 18, 2022 by Alyssa DiSabatino

Ransomware is out, intellectual property data exfiltration is in. At least, that may be the bigger concern for breached companies these days, cyber experts warned in a Gallagher Talks presentation.  Organizations are less likely to pay a ransom when their

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What your commercial clients forget to do after a cyber breach

September 27, 2022 by Alyssa DiSabatino

Commercial clients who suffered a cyber data breach may be inclined to quickly pay the ransom and get back on their feet, but brokers should advise their clients not to forget about post-breach communication with their customers and employees.  If

Man types on his laptop. An image of a masked man holding a padlock and the text "pay" shows up on his screen.
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What happens when you negotiate with a hacker?

March 18, 2022 by Alyssa DiSabatino

Clients have a tough choice to make when they’re hit with a ransomware attack — to pay or not to pay?   “If you decided not to pay the ransom for whatever reason, and that hacker ultimately discloses that information,

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Liquor and Gaming Authority investigates cyber security incident

December 31, 2021 The Canadian Press

The Saskatchewan Liquor and Gaming Authority says it’s investigating a cyber security incident that impacted the organization’s computer systems. The organization says it has brought in independent cyber security experts to help address the matter and assess the impact to

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Cyber Aware

April 1, 2017 Hershel Sahian, Partner; and Andrew Cottreau, Student-At-Law, Hughes Amys LLP

Cyber crime is on the rise. A study released by Juniper Research in mid-2015 projected that by 2019, the global cost of cyber crime will reach more than US$2 trillion, increasing to almost four times the estimated cost of breaches

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Ontario-based Pen Underwriting Canada launches cyber insurance product

February 15, 2017 by Canadian Underwriter

Burlington, Ont.-based Pen Underwriting Canada Limited announced on Wednesday that it has created a comprehensive cyber solution to respond to the “increasing threat that cybercrime poses for corporations.” Backed by A+ rated capacity, the specialist cyber product is designed for

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IT decision makers, C-suite executives each believe the other is responsible for cyber breaches: study

February 10, 2017 by Canadian Underwriter

IT decision makers and C-suite executives each believe the other is responsible in the event of a cyber breach, according to new research from BAE Systems, a provider of technology defence, aerospace and security solutions. According to BAE Systems’ 2017

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Former Telus computer security expert launches cyber breach investigation provider

June 22, 2016 by Canadian Underwriter

A recently-launched Toronto-based firm, Cytelligence Inc., says it offers to investigate cyber breaches, review clients’ business continuity plans and take into consideration the “pros and cons of cyber insurance” for its clients. Cytelligence announced Wednesday it was launched by Daniel