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Extreme cloud attack could pack as much of a cost wallop as Hurricane Sandy

July 18, 2017 by Canadian Underwriter

A malicious hack that fells a cloud service provider for a time has the potential to produce estimated economic losses of as much as US$53 billion, in line with the hit delivered by Superstorm Sandy, suggests a new research scenario…

News InsuranceMarkets / CoveragesMergers and AqcuisitionsTechnology

Ransomware cyberattack cripples hospitals across the United Kingdom

May 12, 2017 by Canadian Underwriter

A large ransomware cyberattack has “crippled” computer systems at hospitals across the United Kingdom on Friday, with appointments cancelled, phone lines down and patients turned away, the Associated Press has reported. Britain’s National Health Service (NHS) said that a number…