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cyber

News InsuranceMarkets / Coverages

Major Canadian retailer finds cyberattacks “more difficult to detect”

May 31, 2018 by Greg Meckbach

Cyber threats are becoming “more difficult to detect,” a major Canadian retailer suggested Tuesday. Indigo Books and Music Inc., whose holdings include the Chapters and Coles book chains, “may be required to expend significant additional resources” to protect against threats

News InsuranceMarkets / Coverages

The latest home insurance product for brokers to figure out

May 19, 2018 by Greg Meckbach

With equipment breakdown and other new coverages available from homeowners’ insurance carriers, brokers need to make sure their clients or prospective clients are aware of their options, a Regina-based broker warns. “There are so many new products” available in homeowner

News Legislation / RegulationTechnology

How fear of ‘jackbooted brownshirts’ complicates cyber risk management

May 11, 2018 by Greg Meckbach

Managing the risk posed by the “dark web” is made all the more difficult by some people’s mistrust of police, a former top Royal Canadian Mounted Police officer suggested Thursday. “Cyber crime requires a different approach than just the preventative

News InsuranceMarkets / CoveragesReinsuranceTechnology

New opportunities for commercial brokers in cyber

April 20, 2018 by Greg Meckbach

Brokers selling commercial insurance need to ask clients what they use their computers for and what happens if they lose access to that data, an executive with a Bermuda insurer says. Computer security (also known as cyber) risk, “will impact

News InsuranceTechnology

Who are the ‘right people’ to respond to cyber incidents?

April 19, 2018 by Greg Meckbach

Properly-trained employees are critical to managing cyber risk, especially with the nation-wide breach reporting law taking effect this fall, brokers and risk consultants told insurance professionals at a recent conference. On November 1, several new sections – including one mandating

News InsuranceMarkets / CoveragesTechnology

How to build a best-in-class cyber risk plan

March 23, 2018 by David Gambrill

Your commercial client is looking to put together a best-in-class risk management plan for dealing with a cyber event. What’s the first thing they need to do? “An ideal plan starts with developing a team,” says Ruby Rai, manager of

News Professional Development

The meeting that every risk manager should have

March 6, 2018 by Greg Meckbach

Risk managers concerned about insurance exclusions should consider asking their brokers to brief senior managers explaining what exactly the insurance covers and what it excludes, a Willis Towers Watson executive advises. Steve Sachs, co-chair of the Willis Towers Watson Real

Feature ClaimsLegislation / Regulation

The Latest Opportunity in Cyber Coverage

February 12, 2018 Eduard Goodman, Global Privacy Officer, CyberScout

Canadian businesses will soon be required to report all data breaches. Here’s how you can meet their need for cyber coverage.

News LegalTechnology

Invasion of privacy class-action against Equifax proceeds in Ontario

February 1, 2018 by Greg Meckbach

A class-action lawsuit arising from last year’s Equifax cyber breach is proceeding in Ontario on the basis of a new invasion-of-privacy tort that has caught the eye of Canada’s property and casualty insurers because it allows courts to award damages

News InsuranceTechnology

Wireless Working, Part III: The four-letter acronym every broker should know

January 30, 2018 Greg Meckbach, Associate Editor

Brokers working on customer files over wireless computer networks at work need to be on guard, because hackers can listen in on insecure networks. If you’re working from a laptop or tablet and connecting to the corporate computer network using

News InsuranceTechnology

Wireless Working, Part II: Why cyber criminals love free WiFi

January 29, 2018 Greg Meckbach, Associate Editor

Free WiFi offered at coffee shops, hotels and airports should pique the interest of brokers – and not just because brokers and their clients can work remotely in these locations for free. The technology does not come risk-free. WiFi technology

News InsuranceTechnology

Wireless Working, Part I: Risks of working from home

January 26, 2018 Greg Meckbach, Associate Editor

Working from home and using a wireless Internet router calls for special security precautions on the part of brokers and other business employees, creating an opportunity for brokers to advise commercial clients about their risk and insurance needs. Many insurance