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cybersecurity


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First five months of 2016 dominated by malicious email campaigns of unprecedented volume, new ransomware variants

July 26, 2016 by Canadian Underwriter

The first five months of 2016 were dominated by malicious email campaigns of unprecedented volume, with new ransomware variants emerging quickly and actors “repeatedly [shifting] tactics with new loaders, document attachment types and obfuscation techniques to evade detection,” according to

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2016 malware levels nearly four times 2015 totals, cybersecurity company finds

July 22, 2016 by Canadian Underwriter

A security analyst team at AppRiver, a cloud-based cybersecurity company based in Gulf Breeze, Fl., has quarantined 4.2 billion emails containing malware in the second quarter of 2016, “pointing to a continued increase in malware traffic this year.” The emails

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Most companies unprepared for emergence of autonomous vehicles: Munich Re survey

July 19, 2016 by Canadian Underwriter

Most companies are unprepared for the emergence of autonomous vehicles (AVs), with 64% of polled risk managers saying that their companies have done nothing to prepare for the emergence of these vehicles in the auto market, according to a Munich

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Chubb introduces insurance product for private Canadian companies

July 18, 2016 by Canadian Underwriter

Chubb Ltd. announced on Monday that it has launched a modular insurance policy designed specifically for Canadian privately owned companies. ForeFront Portfolio addresses the broad range of liability risks faced by Canadian private companies in an increasingly risky and litigious

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Insider corporate data theft and malware infections among biggest threats to digital businesses in 2016: Accenture and HfS Research study

June 27, 2016 by Canadian Underwriter

Insider data theft and malware attacks top the list of the most significant concerns for global enterprise security executives, according to a new report from Accenture and HfS Research. The survey, titled The State of Cybersecurity and Digital Trust 2016,

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Former Telus computer security expert launches cyber breach investigation provider

June 22, 2016 by Canadian Underwriter

A recently-launched Toronto-based firm, Cytelligence Inc., says it offers to investigate cyber breaches, review clients’ business continuity plans and take into consideration the “pros and cons of cyber insurance” for its clients. Cytelligence announced Wednesday it was launched by Daniel

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U.S. executives struggling to measure and mitigate strategic risks: survey

June 21, 2016 by Canadian Underwriter

Nearly two-thirds (64%) of executives in the United States see strategic risk as a “highly significant threat” to their organizations compared to other types of risk – including compliance, operational and financial – according to a new survey from independent

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Kaspersky exposes massive underground market selling more than 70,000 hacked servers

June 17, 2016 by Canadian Underwriter

Cybersecurity 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

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Businesses wait for damaging cyberattacks before taking action: study

June 8, 2016 by Canadian Underwriter

Two-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:

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60% of digital businesses will suffer major service failures by 2020 due to inability to manage digital risk: Gartner

June 6, 2016 by Canadian Underwriter

Sixty 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.

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Chubb adds cyberbullying coverage for Canadian homeowners customers

June 2, 2016 by Canadian Underwriter

Chubb 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

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Cyberattacks against critical infrastructure, manufacturers likely to target industrial control systems to manipulate operations: AGCS

June 1, 2016 by Canadian Underwriter

Rather 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,