Keyword
cyber
Major Canadian retailer finds cyberattacks “more difficult to detect”
May 31, 2018 by Greg MeckbachCyber 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…
The latest home insurance product for brokers to figure out
May 19, 2018 by Greg MeckbachWith 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…
How fear of ‘jackbooted brownshirts’ complicates cyber risk management
May 11, 2018 by Greg MeckbachManaging 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…
New opportunities for commercial brokers in cyber
April 20, 2018 by Greg MeckbachBrokers 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…
Who are the ‘right people’ to respond to cyber incidents?
April 19, 2018 by Greg MeckbachProperly-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…
How to build a best-in-class cyber risk plan
March 23, 2018 by David GambrillYour 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…
New data requirements will make cyber coverage mandatory
March 12, 2018 Heather SandersonEnacted by the European Parliament to simplify business rules for companies operating in the EU market and to strengthen the privacy rights of EU citizens, the General Data Protection Regulation (GDPR) comes into effect May 25, 2018. When it comes…
The meeting that every risk manager should have
March 6, 2018 by Greg MeckbachRisk 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…
The Latest Opportunity in Cyber Coverage
February 12, 2018 Eduard Goodman, Global Privacy Officer, CyberScoutCanadian businesses will soon be required to report all data breaches. Here’s how you can meet their need for cyber coverage.
Invasion of privacy class-action against Equifax proceeds in Ontario
February 1, 2018 by Greg MeckbachA 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…
Wireless Working, Part III: The four-letter acronym every broker should know
January 30, 2018 Greg Meckbach, Associate EditorBrokers 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…
Wireless Working, Part II: Why cyber criminals love free WiFi
January 29, 2018 Greg Meckbach, Associate EditorFree 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…