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cybersecurity

Network and cybersecurity concept
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Key enterprises could face penalties under federal bill to bolster cybersecurity

June 14, 2022 Jim Bronskill - THE CANADIAN PRESS

OTTAWA – Key enterprises in the banking, telecommunications and transportation industries would be among those required to bolster cybersecurity and report digital attacks – or possibly face penalties – under a federal bill introduced Tuesday. The legislation is intended to

IT engineer working on protecting a network
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A unified cybersecurity strategy is the key to protecting businesses

May 30, 2022 The Canadian Press

By Camelia Radu, Associate Professor in Accounting, Universite du Quebec a Montreal (UQAM) and Nadia Smaili, Professor in Accounting (forensic accounting), Universite du Quebec a Montreal (UQAM) – THE CONVERSATION This article was originally published on The Conversation, an independent

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Paid HOW PROACTIVE ARE YOUR CLIENTS’ CYBER RISK STRATEGIES?

May 3, 2022 VICTOR CANADA

With cybersecurity spending expected to exceed US$1 trillion, it’s clear more businesses than ever before are realizing the need to invest in their cyber defenses. “Yet throwing money at a problem is never the lone answer,” says Kevin Auger, department

Email cybersecurity concept
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Investigation launched into email breach at N.L. fuel company North Atlantic

April 26, 2022 The Canadian Press

JOHN’S, N.L. – A fuel company in Newfoundland and Labrador is investigating after an employee’s email account was breached and information was downloaded from the account. A release from NARL Marketing, which operates the North Atlantic outlets across the province,

Digital skull and crossbones implying ransomware.
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How insurers are rethinking ransom coverage

March 15, 2022 Jason Contant

Ransomware has long been a thorn in the side for insurers, particularly in recent years. And, although the market will continue to see rate changes in reaction to ransomware losses over the next year, “insurers will be equally focused on

Concept of repelling a cyberattack
News Insurance

Winners and losers in preventing cyberattacks

February 28, 2022 by Jason Contant

Canada’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

Shaking hands over a web security sunrise
News Insurance

Cyber threats spur brokerages to seek tech partners

February 24, 2022 Greg Meckbach

Insurance – not computer security – is probably your core business as a broker. But with cyber threats on the rise, some brokers are seeking information-security partners to help them manage their commercial clients’ cyber risk. WTW has several relationships

Cybersecurity concept
News Insurance

The biggest cyber threats for your small business client

January 26, 2022 by Jason Contant

Your small business clients have a significant susceptibility to spoofing and clickjacking cyberattacks, a new survey finds. Software-as-a-service (SaaS) cybersecurity company CyberCatch randomly sampled 1,850 small- and medium-sized businesses (SMBs) in Canada across 10 industry segments. Spoofing (84.3% of SMBs

Hacker in a hoodie concept
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Federal government investigating cyberattack amid tensions with Russia

January 25, 2022 The Canadian Press

OTTAWA – The federal government says the country’s cybersecurity agencies are investigating a recent attack against Global Affairs Canada. The government is not saying who it suspects was behind the Jan. 19 attack, which has left some diplomats without access

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Take steps to fend off ransomware attacks, federal ministers urge Canadians

December 6, 2021 by Jason Contant

OTTAWA – Citing a dramatic increase in ransomware attacks on organizations – including health providers and vital utilities – federal ministers are urging Canadians to bolster their cybersecurity. In an open letter Monday, the ministers encouraged people to adopt the

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Paid Working from home? Follow these cybersecurity best practices.

December 2, 2021 The Wawanesa Mutual Insurance Company

The global pivot to remote work at the start of the pandemic sent organizations scrambling to set up work-from-home solutions to keep business moving along. While we’re much further along than those early days—and starting to move toward hybrid work

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Why D&O insurers need to focus on the ‘S’ in ESG

November 9, 2021 by Jason Contant

The ‘S’ pillar of environmental, social, and governance (ESG) practices should be an increasingly important area of focus for D&O insurers, a specialist insurance provider said recently. While ESG is clearly a hot topic, the environmental and governance pillars have