Keyword
cyber crime
How to make a profit on cyber coverage
March 16, 2023 Jason ContantHow does the industry make cyber insurance a viable and profitable line of business going forward? “I would say cyber is a viable and profitable business line,” said Neal Jardine, global cyber risk intelligence and claims director with Boxx Insurance. “I…
Who is putting your client’s company at risk for a cyber scam?
September 22, 2022 by Alyssa DiSabatinoTwo-in-five employees surveyed (42%) said they’ve seen an increase in cyber scam attempts over the last year, yet only a third of surveyed employees (34%) reported their company provides mandatory cyber security awareness training, finds new research by the Insurance…
Paid HOW PROACTIVE ARE YOUR CLIENTS’ CYBER RISK STRATEGIES?
May 3, 2022 VICTOR CANADAWith cybersecurity spending expected to exceed US$1 trillion, it’s clear more businesses than ever before are realizing the need to invest in their cyber defenses. “Yet throwing money at a problem is never the lone answer,” says Kevin Auger, department…
Gains, losses in efforts to combat cyber crime in 2016: Trustwave
June 20, 2017 by Canadian UnderwriterThe fight against cyber crime showed both advances and retreats in 2016, with improvements on the intrusion detection and breach containment fronts matched by cyber crime increasingly being treated as a business, suggests a Trustwave report released Tuesday. Findings in…
Criminal data breaches forecast to cost global business $8 trillion in next five years: Juniper
May 30, 2017 by Canadian UnderwriterHigher levels of Internet connectivity and inadequate enterprise-wide security are expected to pave the way for criminal data breaches costing businesses around the world about $8 trillion over the next five years, suggests U.K.-based Juniper Research. Research released Tuesday indicates…
Ontario man indicted by U.S. grand jury for alleged Yahoo hack
March 16, 2017 Colin Perkel - THE CANADIAN PRESSTORONTO – A Canadian man of Kazakh origins who appeared to live a lavish lifestyle in southern Ontario was arrested as one of four suspects in a massive hack of Yahoo that targeted American government officials, Russian journalists opposed to…
Evolving technology expected to introduce new cyber threats, broadened attacks: Trend Micro
December 7, 2016 by Canadian UnderwriterThe coming year is expected to witness evolving technology that introduces new cyber threats and attacks that broaden and differentiate to penetrate new vulnerable surfaces, suggests a report issued Wednesday by Trend Micro Incorporated. The expectation is 2017 “will include…
SMEs’ cyber risk awareness on the rise: Zurich study
November 23, 2016 by Canadian UnderwriterCyber risk awareness among small- and medium-sized enterprises (SMEs) is on the rise, according to Zurich Insurance Group’s fourth annual global SME survey. The survey found that just 10% of SMEs said that they were too small to be at…
Seven in 10 polled organizations expect to do away with passwords within five years: U.S. survey
October 14, 2016 by Canadian UnderwriterReliance on largely ineffective traditional authentication techniques is building as efforts to do away with passwords – cited by 69% of polled respondents in the United States – is ebbing, note new survey results from SecureAuth Corporation. Commissioned in conjunction…
Business of Security
July 3, 2016 Angela Stelmakowich, EditorCyber crime is a major disruption to business, with Deloitte Canada reporting only one in five respondents say they are prepared to effectively respond to a cyber attack.
IBM to teach Watson computer system “language of cybersecurity”
May 10, 2016 by Canadian UnderwriterIBM 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…
Vast majority of tested applications have at least one vulnerability: cyber security report
April 20, 2016 by Canadian UnderwriterCyber criminals are increasingly making use of malware-as-a-service, an issue of concern given that 97% of applications tested by Trustwave in 2015 had at least one vulnerability, note findings from the 2016 Trustwave Global Security Report. While the lion’s share…