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cyberattacks

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Financial firm outsourcing increasing risk of cyberattacks

January 11, 2018 The Canadian Press

TORONTO – The head of the Investment Industry Association of Canada says the risk of cyberattacks is being amplified by the significant outsourcing done by investment dealers and asset managers. Ian Russell told attendees at an Empire Club of Canada

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What’s keeping risk managers up at night?

November 27, 2017 Jason Contant, Online Editor

Darius Delon, a consultant and president of Risk Management 101, told Canadian Underwriter Monday what he sees as the top concerns for risk managers. Here are his Top 3 risks: Number 1: Awareness about legislative changes In some instances, organizations

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Cyberattacks, asset bubble risks top Canadian business worries: World Economic Forum survey

September 22, 2017 by Canadian Underwriter

Cyberattacks and asset bubble risks top the list of worries for Canadian businesses, according to new survey data from the World Economic Forum (WEF). The data – released earlier this week and published by the strategic partners of WEF’s Global

News Insurance

Cyberattacks, autonomous vessels, Arctic exploration and piracy top risks for shipping industry: Lloyd’s

September 14, 2017 by Canadian Underwriter

Cyberattacks, autonomous vessels, Arctic exploration and a return to piracy are the top risks facing the shipping industry, new research from Lloyd’s has found. With insight and input from marine insurance experts across the Lloyd’s market, the world’s specialist insurance

News Insurance

Digital security company Avast reports 40% increase in Android mobile cyberattacks in Q2 2017

September 14, 2017 by Canadian Underwriter

Digital security company Avast has reported an uptick in attacks targetting Android smartphones and tablets year-over-year in the second quarter of 2017 of nearly 40%. “Mobile cybersecurity attacks are growing rapidly as hackers’ strategies become more agile and dangerous, and

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Foreign cyberthreat to Canadian elections increasing, spy agency warns

June 21, 2017 Lee Berthiaume and Mike Blanchfield - THE CANADIAN PRESS

OTTAWA – Canada’s electronic spy agency issued a stark warning Friday that online attempts to influence or undermine the country’s electoral process are on the increase – and steps must be taken to counter the efforts. Foreign Affairs Minister Chrystia

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Gore Mutual launches cyber and data breach product for Canadian small businesses

June 9, 2017 by Canadian Underwriter

Gore Mutual Insurance Company has announced a cyber and data response product for Canadian small businesses as well as a partnership with a global home automation company to provide flood sensors to select commercial and personal customers. Gore Mutual announced

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Canadian defence plan calls for cyber and drone attacks to meet 21st century threats

June 8, 2017 Mike Blanchfield - THE CANADIAN PRESS

OTTAWA – Canada will add hundreds of new elite special forces commandos, wage offensive cyberwarfare attacks and deploy armed drones to international battlefields as part of its military response to new global security threats. The hotly anticipated new defence policy

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73% of U.S. businesses believe their organizations are highly protected from cyber threats, but “low cyber IQ” remains: Willis Towers Watson

June 6, 2017 by Canadian Underwriter

Nearly three-quarters (73%) of businesses in the United States believe that their organizations are highly protected from attempts by outsiders to gain access to their systems and data, but “low cyber IQ” among employees poses a threat, according to a

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Economy at risk without joint Canada-U.S. cyber defence, says former U.S. National Security Agency director

June 2, 2017 Mike Blanchfield - THE CANADIAN PRESS

OTTAWA – Canada and the United States need a new cyber defence program – like their joint Norad air defence – to prevent hackers from hobbling their economies, says the former head of the U.S. National Security Agency. Retired general

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Biggest risk with mass email theft is phishing, malware distribution, NuData Security says following Bell Canada hack

May 17, 2017 by Canadian Underwriter

The biggest risk with mass email theft is phishing and malware distribution, the vice president of business development with Vancouver-based NuData Security said in a statement on Wednesday, two days after Bell Canada confirmed an “illegal access” of customer information.

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Simultaneous cyberattacks on multiple companies likely in 2017, financial services industry key concern: AIG study

May 11, 2017 by Canadian Underwriter

Nine in 10 global cybersecurity and risk experts believe that cyber risk is systemic and that simultaneous attacks on multiple companies are likely in 2017, according to a study issued on Wednesday by global insurer American International Group, Inc (AIG).