Keyword
cyberattack
Cyber insurance: Most frequent and costly claims revealed
November 24, 2020 by Jason ContantExternal attacks on companies result in the most expensive cyber insurance losses, but internal failures like employee mistakes and technical problems are the most frequent generator of claims by number (albeit with a lower financial impact), a new report says.…
Canada’s cybersecurity agency warns of online threats that exploit COVID-19 fears
November 19, 2020 Jim Bronskill - THE CANADIAN PRESSOTTAWA – A federal agency that monitors brewing online threats warns of fraudsters dangling COVID-19-related content to fool victims into clicking on malicious links and attachments. Online tricksters know people are anxious about the future and are less likely to…
Demystifying cyber’s first hard market
November 12, 2020 by David GambrillCyber insurance is a relatively new line of business in Canada and so it hasn’t seen any hard markets historically — until now, that is. And it seems that insurers have ransomware to thank for that. “I think it is…
Cyberattack targets Montreal health agency, forcing it to go offline
November 2, 2020 Sidhartha Banerjee - THE CANADIAN PRESSMONTREAL – A Montreal health agency has been forced off-line as authorities deal with a cyberattack. Quebec Health Minister Christian Dube said Thursday that specific attacks hit systems at the regional health agency covering west-central Montreal, which oversees the Jewish…
‘The cost nobody talks about’ with cyber
October 23, 2020 by Adam MalikBrokers are advised to factor in the cost of reputational harm for their commercial clients when discussing cyber policy, because that’s typically the most expensive aspect of a breach. Clients typically focus on costs related to notifying clients and forensics,…
Some CRA online services remain unavailable a month after cyberattacks
September 24, 2020 Jacob Serebrin - THE CANADIAN PRESSMore than a month after the Canada Revenue Agency took its website offline in the wake of a major cyberattack, the federal tax collection agency won’t say when it expects its online services to fully return to normal. A number…
How a cyberattack on a Canadian insurance courier affected brokers and carriers
August 26, 2020 by Jason ContantSome Canadian brokerages and insurers recently experienced delays in mail pick-up and delivery after a prominent courier service for the Canadian insurance industry suffered a cyberattack. ICS Courier confirmed in a message on its website Monday that it was the…
Canada Revenue Agency suspends online services after cyberattacks
August 17, 2020 Lee Berthiaume - THE CANADIAN PRESSOTTAWA – The Canada Revenue Agency has temporarily suspended its online services after two cyberattacks in which hackers used thousands of stolen usernames and passwords to fraudulently obtain government services and compromise Canadians’ personal information. A total of 5,500 CRA…
Paid Working from Home: Cybersecurity and the Remote Worker
June 12, 2020 Trisura Guarantee Insurance CompanyIn these times of social distancing and working from home, it’s become even more crucial to ensure strong cybersecurity measures are in place for you and your business. Working from home can pose its own challenges and takes adjusting to;…
Canadian military equipment vulnerable to cyberattacks, officials say
March 6, 2020 Lee Berthiaume - THE CANADIAN PRESSOTTAWA – Canada and the United States are working together to make their high-tech military equipment less hackable, top defence officials said in Ottawa Thursday, but they have a lot of work to do. Speaking to the Ottawa Conference on…
Canadian companies paying high cybercrime bills
May 13, 2019 by Adam MalikMalicious insiders and malware attacks are costing Canadian companies. New research from global professional services company Accenture and data protection research firm Ponemon Institute pegged the average cost of cybercrime to a Canadian company at more than $12 million in…
Cyber attack in Canada spawns $60 million lawsuit
March 29, 2019 By Colin Perkel - THE CANADIAN PRESSTORONTO – As many as 200,000 people may have had their personal information stolen in a hack on servers at one of Ontario’s most popular casinos, a lawyer for the plaintiffs pressing a proposed class action argued on Thursday. However,…