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cybersecurity


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Canadian P&C outlook stable, driven by good demand, strong underwriting discipline and solid balance sheets: Moody’s

December 13, 2016 by Canadian Underwriter

The outlook for the Canadian property and casualty (P&C) industry is stable, driven by good demand, strong underwriting discipline and solid balance sheets, Moody’s Investors Service said in a report released on Monday. However, despite the stable outlook, these trends

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Chubb introduces Cyber COPE, a new model for underwriting cyber insurance

December 13, 2016 by Canadian Underwriter

Chubb announced on Tuesday that it has introduced Cyber COPE, a new model for underwriting cyber insurance that is intended to simplify and improve the assessment of both cyber and privacy risks. Authored by Ross Cohen, director of cyber/privacy services

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Biggest changes for insurers in 2017 could come from product innovation, predictive analytics, cybersecurity and digital distribution: Novarica

December 6, 2016 by Canadian Underwriter

The biggest changes for insurers in 2017 could come from product innovation, predictive analytics, cybersecurity and digital distribution, according to a new executive brief from Boston-based research and advisory firm Novarica. Released on Tuesday, the report, titled Five Potential Changes

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SMEs’ cyber risk awareness on the rise: Zurich study

November 23, 2016 by Canadian Underwriter

Cyber risk awareness among small- and medium-sized enterprises (SMEs) is on the rise, according to Zurich Insurance Group’s fourth annual global SME survey. The survey found that just 10% of SMEs said that they were too small to be at

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Department of National Defence investigating possible hack of its recruiting site

November 18, 2016 Lee Berthiaume - THE CANADIAN PRESS

OTTAWA – The federal government was unable to say Thursday whether any personal information of potential military recruits was stolen during what appears to have been a hack of a National Defence website. Public Safety Minister Ralph Goodale said federal

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In world of Internet-enabled things, U.S. says security needed

November 16, 2016 Tami Abdollah - THE ASSOCIATED PRESS

WASHINGTON – The Obama administration urged tech companies to make millions of devices safe from hacking, underscoring the risks posed by an increasingly bewildering array of internet-connected products permeating daily life, covering everything from fitness trackers to computers in automobiles.

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Ed launches global cyber academy

November 4, 2016 by Canadian Underwriter

Ed, the global reinsurance, wholesale and specialty broker, announced on Friday the launch of what it is calling the insurance industry’s first global cyber academy. The Ed Cyber Academy, which will be led by Peter Hacker, the company’s group chief innovation officer,

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40% of polled U.S. policyholders who purchased cyber coverage in last six months have increased coverage: Council of Insurance Agents & Brokers

October 28, 2016 by Canadian Underwriter

The Council of Insurance Agents & Brokers (CIAB) in the United States has reported that nearly 40% of polled policyholders who purchased cyber coverage in the last six months have increased their coverage levels. Earlier this week, the CIAB released

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U.S., U.K. cybersecurity officials: Destructive hacks are coming

October 20, 2016 Raphael Satter - THE ASSOCIATED PRESS

LONDON – The world should brace itself for more physically destructive hacks, two senior cybersecurity officials said Wednesday, warning that a more dangerous era of hacking was already upon us. Paul Chichester, the director of operations at Britain’s new National

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One-quarter of Canadian small and medium businesses with revenue over $10M victims of cyberattack: study

October 12, 2016 by Canadian Underwriter

One in four Canadian small and medium-sized businesses (SMBs) with annual revenue over $10 million have been victims of a cyberattack compared to only one in 10 with annual revenue under $10 million, according to a new survey from Internet

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Yahoo hack steals personal info from at least 500 million accounts

September 23, 2016 Michael Liedtke - THE ASSOCIATED PRESS

SAN FRANCISCO – Computer hackers swiped personal information from at least 500 million Yahoo accounts in what is believed to be the biggest digital break-in at an email provider. The massive security breakdown disclosed Thursday poses new headaches for Yahoo

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Kaspersky researchers find multiple “smart” components of modern cities vulnerable to cyberattacks

September 16, 2016 by Canadian Underwriter

Researchers from cybersecurity company Kaspersky Lab said on Thursday that they have found vulnerabilities and security deficiencies in digital kiosks, interactive terminals and speed cameras that make them susceptible to cyberattacks. Modern cities are complicated ecosystems made up of hundreds