Keyword
cybersecurity
Kaspersky exposes massive underground market selling more than 70,000 hacked servers
June 17, 2016 by Canadian UnderwriterCybersecurity company Kaspersky Lab has reported that its researchers have uncovered a global forum where cybercriminals can buy and sell access to compromised servers for as little as US$6 each. The xDedic marketplace, which appears to be run by a…
Businesses wait for damaging cyberattacks before taking action: study
June 8, 2016 by Canadian UnderwriterTwo-thirds of respondents to a global study commissioned by technology and innovation company Raytheon have indicated that not until there is a “significant data loss” from an IT security breach are their organizations motivated to engage a vendor. Don’t Wait:…
60% of digital businesses will suffer major service failures by 2020 due to inability to manage digital risk: Gartner
June 6, 2016 by Canadian UnderwriterSixty per cent of digital businesses will suffer major service failures by 2020 due to the inability of IT security teams to manage digital risk, according to a special report from Gartner, Inc., an information technology research and advisory company.…
Chubb adds cyberbullying coverage for Canadian homeowners customers
June 2, 2016 by Canadian UnderwriterChubb announced on Thursday that it has added cyberbullying coverage to its Canadian Masterpiece Family Protection policy to help cover clients and their families from the expenses associated with such an incident. Paul Johnstone, senior vice president of Chubb Personal…
Cyberattacks against critical infrastructure, manufacturers likely to target industrial control systems to manipulate operations: AGCS
June 1, 2016 by Canadian UnderwriterRather than stealing data, cyberattacks against critical infrastructure and manufacturers are more likely to target industrial control systems (ICS) to manipulate or shut down operations, Allianz Global Corporate & Specialty (AGCS) said on Wednesday. As energy, transportation or telecommunication companies,…
Insurance industry ‘has to be ready’ for automated vehicles: Insurance Institute speaker
May 25, 2016 Greg Meckbach, Associate EditorThe rollout of fully autonomous vehicles for consumers “is quite a bit further off than we might expect,” and experts need to educate consumers about the limitations of the technology, but insurance providers should get ready over the next five…
LinkedIn confirms 2012 hack exposed 117M user passwords
May 20, 2016 The Associated PressNEW YORK – LinkedIn said Wednesday that a 2012 breach resulted in more than 100 million of its users’ passwords being compromised – vastly more than previously thought. The business social network said that it believes to be true a…
Government’s response to 2015 OPM data breach hasn’t improved U.S. federal agencies’ security: study
May 19, 2016 by Canadian UnderwriterMore than half of polled federal cyber executives in the United States said they don’t agree that the government’s response to last summer’s massive Office of Personnel Management (OPM) data breach has improved their agency’s security. The State of Cybersecurity…
Guy Carpenter forms strategic alliance with Symantec to develop cyber aggregation model
May 18, 2016 by Canadian UnderwriterGuy Carpenter & Company announced on Tuesday the formation of a strategic alliance with global cybersecurity company Symantec Corporation to create a cyber aggregation model. The model will include a comprehensive catalogue of cyber scenarios from which insurers can derive…
More than half of Canadians believe their government-held personal data is at risk: Accenture study
May 11, 2016 by Canadian UnderwriterMore than half of Canadians believe their personal and confidential information held by all levels of government is vulnerable to a security breach, whether it’s an unauthorized internal access or an external data hack and theft, according to results of…
IBM to teach Watson computer system “language of cybersecurity”
May 10, 2016 by Canadian UnderwriterIBM Security has announced that eight universities – including three in Canada – will help train its Watson computer system on the “language of security” as part of a year-long research project. Watson for Cyber Security, a new cloud-based version…
YIPT autonomous vehicles panel addresses product liability, future need for personal auto insurance
April 22, 2016 by Canadian UnderwriterThe first fully autonomous cars could be in showrooms in a few years, attendees to the Young Insurance Professionals of Toronto (YIPT) second annual Speaker Panel Series heard last week. “You will see the first fully autonomous cars in showrooms…