Keyword
cybersecurity
How insurers are rethinking ransom coverage
March 15, 2022 Jason ContantRansomware 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…
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…
Cyber threats spur brokerages to seek tech partners
February 24, 2022 Greg MeckbachInsurance – 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…
The biggest cyber threats for your small business client
January 26, 2022 by Jason ContantYour 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…
Federal government investigating cyberattack amid tensions with Russia
January 25, 2022 The Canadian PressOTTAWA – 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…
Take steps to fend off ransomware attacks, federal ministers urge Canadians
December 6, 2021 by Jason ContantOTTAWA – 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…
Paid Working from home? Follow these cybersecurity best practices.
December 2, 2021 The Wawanesa Mutual Insurance CompanyThe 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…
Why D&O insurers need to focus on the ‘S’ in ESG
November 9, 2021 by Jason ContantThe ‘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…
Here are your security blindspots in the new hybrid workplace
October 5, 2021 by Jason ContantThe hybrid workplace increases your client’s cyber risk exposure, as cybercriminals have spotted new opportunities with a distributed workforce and are determined to exploit soft spots associated with remote work, HP suggests. According to the HP Wolf Security Blurred Lines…
7 in 10 Canadian organizations facing ransomware attacks paid demands: survey
October 5, 2021 Salmaan Farooqui - THE CANADIAN PRESSCybersecurity experts say a new poll that suggests nearly 70 per cent of Canadian organizations facing a ransomware attack last year paid the demands is evidence that such payments should be made illegal. Of the businesses surveyed, 17 per cent…
Pandemic leading to ‘ticking time bomb’ for cybersecurity
September 17, 2021 by Jason ContantMost IT teams believe that working from home has become a “ticking time bomb” that might lead to a corporate network breach, according to a recent survey from HP Inc. The HP Wolf Security Rebellions & Rejections report, released Sept.…
Is your IT team compromising security for business continuity?
September 13, 2021 by Jason ContantA vast majority (91%) of IT teams surveyed across Canada and other countries felt pressure to compromise security for business continuity, admitting that security took a backseat to business continuity during the pandemic, a new report from HP Inc. reveals.…