Keyword
cybercriminal
Can multi-factor authentication beat smarter cybercriminals?
July 26, 2022 Jason ContantMulti-factor authentication (MFA) is becoming a standard requirement to obtain cyber insurance. But just as your clients are improving their insurability, cybercriminals too are designing their attacks around MFA. “It’s kind of like a game of Whack-a-Mole,” said Neal Jardine,…
Winners and losers in preventing cyberattacks
February 28, 2022 by Jason ContantCanada’s financial services industry pushed back against cybercriminals last year, cutting in half the percentage of cyberattacks on the sector. The financial services industry (including insurance) has long been a top target for cybercriminals chasing high-reward payday. But that is…
Why clients are still forking over ransomware demands
June 4, 2021 by Adam MalikClients are still indeed paying ransomware demands, despite a report to the contrary, because the threat of having sensitive data exposed is very much a concern, according to a pair of cyber insurance experts. Their comments come following a report…
The cyber extortion threat that your policies may overlook
January 24, 2018 by Jason ContantA new cyber threat has emerged and it’s something that cyber insurance policies may not even cover. Proactive extortion occurs when a cybercriminal contacts a selected company, by email or even “snail mail,” and informs the company that it has…
Ransomware, alternative crypto-currencies and increased deception tactics among key cyber threats: Accenture Security
July 31, 2017 by Canadian UnderwriterDestructive ransomware, alternative crypto-currencies and increased use of deception tactics are among the threats driving the lucrative cybercriminal marketplace, the security branch of professional services company Accenture said in a recent report. “The first six months of 2017 have seen…
Biggest risk with mass email theft is phishing, malware distribution, NuData Security says following Bell Canada hack
May 17, 2017 by Canadian UnderwriterThe 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.…
Almost 40% of industrial computers worldwide faced a cyberattack in the second half of 2016: Kaspersky
March 29, 2017 by Canadian UnderwriterTwo in five computers around the globe related to the technological infrastructure of industrial enterprises faced cyberattacks in the second half of 2016, according to cybersecurity company Kaspersky Lab. Research from Kaspersky released on Tuesday showed that the percentage of…
Password breach could have ripple effects well beyond Yahoo
September 27, 2016 Raphael Satter - THE ASSOCIATED PRESSLONDON – As investors and investigators weigh the damage of Yahoo’s massive breach to the internet icon, information security experts worry that the record-breaking haul of password data could be used to open locks up and down the web. While…