Keyword
cyber
How COVID-19 has changed cyber underwriting
October 19, 2020 by Greg MeckbachWith loss ratios in the Canadian cyber insurance market skyrocketing, purchasing cyber without having to answer a whole bunch of questions may become a thing of the past. In the recent past, if a client was not very large, or…
The growing need for cybersecurity in supply chain management
October 17, 2020 Alexandra Wright, Jackie Vergne and Ken Rayner, Cyber Insurance Solutions Inc.Your suppliers are most at risk, and attacks will be costly
One COVID cyber threat you may not have considered
September 22, 2020 by Jason ContantCyber exposure for your clients has shifted from the obvious operational standpoint of remote working during the COVID-19 pandemic to a data retention standpoint, a Gallagher executive said recently. “Many organizations are collecting personal health information on employees, maybe on…
Ministers warn COVID-19 researchers anew of threat of hostile actors
September 15, 2020 The Canadian PressOTTAWA – A trio of federal cabinet ministers is warning COVID-19 researchers to take additional precautions to protect their efforts from thieves and vandals. The statement Monday says the federal government is concerned about “hostile actors” targeting pandemic-related research in…
Regulators to brokers: What is your cyber security plan?
May 11, 2020 by Greg MeckbachWhat programs – if any – does your brokerage have in place to mitigate your own cyber risk? This is what your provincial regulator could be asking you, if they haven’t already. “If the Registered Insurance Brokers of Ontario knocks…
The ‘hidden’ cyber risks of remote work
May 1, 2020 by Greg MeckbachCommercial clients are vulnerable to hidden risks when they have large numbers of people suddenly working remotely or from home in a disaster, as we are seeing in the pandemic, experts told brokers listening in to Canadian Underwriter’s latest webinar.…
How to protect your clients from cybercriminals cashing in on COVID-19
April 8, 2020 by Jason ContantBrokers advising clients on cyber insurance during the COVID-19 pandemic will want to make sure there is an appropriate loss of income coverage under the policy, similar to other lines of insurance, a specialist insurer said recently. “If we were…
How cybercriminals are targetting employees working from home
March 19, 2020 David Paddon - THE CANADIAN PRESSTORONTO – Cybersecurity experts are renewing their warnings that the COVID-19 crisis is a huge opportunity for criminals to take advantage of confusion as people are forced to work away from the office. A U.S. security firm says at least…
How high-tech venture capital funding leads to better cyber insurance pricing
March 4, 2020 by Greg MeckbachRecent advances in cybersecurity, driven in part by a spike in venture capital funding, are helping insurers price cyber more accurately, an insurance industry consultant suggests. “There is a huge advancement around the use of artificial intelligence and advanced analytics…
How to negotiate the nuanced world of email fraud coverage
March 3, 2020 by Jason ContantYour commercial client may think they are covered for all types of business email compromise (BEC) fraud automatically, but policy triggers are often nuanced, a speaker said recently at NetDiligence’s Cyber Risk Summit in Toronto. “The biggest misconception of our…
The future of cyber
March 2, 2020 Greg Meckbach, Associate EditorNathan Rose, a senior underwriter with Burns & Wilcox, shares how emerging trends in cyber will lead to untapped business opportunities.
Should you outsource your response to silent cyber?
February 28, 2020 by Jason ContantSome insurers are specifically allocating internal resources to address silent cyber, while others are outsourcing it, speakers noted recently at NetDiligence’s Cyber Risk Summit in Toronto Feb. 21. Melinda Parker Thompson, an underwriting specialist with Allianz Global Corporate & Specialty…