Keyword
cyber
Why cyber can be a hard sell for brokers
September 24, 2018 by Greg MeckbachData breaches are all over the news, but convincing some corporate clients to spend in the neighbourhood of $1,000 a year for insurance coverage can be an uphill battle. Some cyber insurance products cost around $100 a year, but those…
How corporate mergers impact cyber risk
September 19, 2018 by Greg MeckbachCyber risk goes up if a company goes through a merger or acquisition, an information security consultant suggests. One way your client can reduce cyber risk is to know what hardware and software is on their computer network, Jeremy Hurst,…
Where Canada ranks worldwide in cyber breaches
September 7, 2018 by Jason ContantThe importance of obtaining cyber insurance has again hit home, following the release of a report that found by mid-2018, Canada was the country with the third most cyber incidents in the world and ninth most exposed records. Last month,…
How to sell cyber to small business owners
August 12, 2018 by David GambrillThere is a very large untapped market for selling cyber insurance to small businesses. How can brokers best approach small business owners to offer them cyber coverage? A recent 2018 study of Canadian “smaller businesses” by Scalar Security* found that…
Cyber tip to keep your large retailer clients secure
July 22, 2018 by Greg MeckbachComputer systems that many retailers use to accept payment and manage inventory can pose a liability risk if they store credit card numbers, and the “ultimate” solution could be expensive. Many “point-of-sale” systems are installed on computers running Microsoft Corp.’s…
Why marijuana legalization could impact cyber risk
July 17, 2018 by Greg MeckbachCommercial brokers looking to place insurance for cannabis providers should be paying close attention to the information their clients keep on medical marijuana patients. Cannabis regulations announced last week will supersede the Access to Cannabis for Medical Purposes Regulations once…
Cyber criminal interest in electrical utilities on the rise
July 16, 2018 by Greg MeckbachElectrical and utility firms in North America continue to be a target for cyber criminals, the head of a cyber loss modelling provider suggests. Over the past few months, there has been an “uptick in threat actor activity around energy…
Cyber catastrophe bonds: Coming soon?
July 13, 2018 by Greg MeckbachWith computer security incidents causing business interruption and privacy breaches, there is a “very real possibility” that a catastrophe bond covering cyber risk might be available, the head of a cyber risk modelling vendor predicts. Catastrophe bonds are a form…
Data breach defendant must hand over computer forensics reports: court
June 26, 2018 by Greg MeckbachAn Ontario casino facing a class-action lawsuit over a data breach has lost its bid to prevent plaintiffs from getting their hands on part of a computer forensics investigation report. The casino claimed the report was protected by litigation privilege…
The thinking behind BFL’s ‘turnkey solution’ for cyber clients
June 25, 2018 by Greg MeckbachBrokers looking to sell cyber insurance to commercial clients should be looking to partner with non-insurance firms specializing in security and risk assessment, one Quebec-based broker advises. “Brokers need to look at not just selling insurance but partnering, and how…
Insuring the Intangibles
June 7, 2018 Adrian Hall, CEO; Corrinne Pollard, Head of Claims; and Sarah Kestle Head of Sales, Swiss Re Corporate Solutions Canada; and Xavier Tinguely, Senior Corporate Development Manager, Swiss Re Corporate Solutions, USAA shift in the global economy has changed the risks facing Canadian businesses. Companies are now calling for insurance solutions that protect their intangible assets.
Sharing the Road
June 6, 2018 Emily Atkins, EditorWho will be in charge as autonomous vehicles and human-driven cars operate side by side on our highways?