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data breach

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Cybersecurity poll finds 84% rethink engaging with businesses hit by data breach

September 30, 2020 The Canadian Press - David Paddon

TORONTO – A large majority of Canadians are reluctant to do business with companies that suffer a data breach, according to a new study released Monday by KPMG. The report also says about one-quarter of the people surveyed for the

News Insurance

Why hackers are zeroing in on your manufacturing clients

July 10, 2020 by Adam Malik

Online hackers are targeting manufacturers because they’re between a rock and a hard place: Pay up or see operations grind to a halt. All sectors are susceptible to data breaches, ransomware attacks and phishing, but criminals are narrowing their focus

News EmploymentLegalRisk

Employers will have to show they prepared workers to avoid breaches, lawyer says

April 1, 2020 David Paddon - THE CANADIAN PRESS

TORONTO – Amid the mass transition to remote working as a result of the COVID-19 pandemic, most employers are likely focused on operational issues in order to get their employees up and running in their new home offices. However, in

News InsuranceRiskTechnology

Marriott says new data breach affects 5.2 million guests

March 31, 2020 Dee-Ann Durbin - THE ASSOCIATED PRESS

Marriott says guests’ names, loyalty account information and other personal details may have been accessed in the second major data breach to hit the company in less than two years. Marriott said Tuesday approximately 5.2 million guests worldwide may have

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Desjardins Group reveals cost of 2019 data breach

February 26, 2020 The Canadian Press

MONTREAL – The Desjardins Group says last year’s theft of the personal data of its 4.2 million members ultimately cost the co-operative $108 million. The Quebec-based financial institution initially estimated the cost of a malicious employee’s breach – which also

News RiskTechnology

How blockchain could prevent future data breaches

January 23, 2020 Victoria Lemieux, Associate Professor, Archival Science and Founder & Co-Lead of Blockchain@UBC, University of British Columbia - THE CANADIAN PRESS

This article was originally published on The Conversation, an independent and nonprofit source of news, analysis and commentary from academic experts. Disclosure information is available on the original site. Author: Victoria Lemieux, Associate Professor, Archival Science and Founder & Co-Lead

News RiskTechnology

LifeLabs says data of up to 15 million customers compromised in cyberattack

December 18, 2019 Ross Marowits and David Paddon - THE CANADIAN PRESS

TORONTO – Government privacy commissioners are investigating a data breach at LifeLabs, one of Canada’s largest medical services companies, after hackers gained access to the personal information of up to 15 million customers. Most of its customers are in B.C.

News RiskTechnology

Growth in data breaches shows need for government regulations

December 5, 2019 Michael Parent, Professor of Management Information Systems, Simon Fraser University - THE CANADIAN PRESS

This article was originally published on The Conversation, an independent and nonprofit source of news, analysis and commentary from academic experts. Disclosure information is available on the original site. Author: Michael Parent, Professor of Management Information Systems, Simon Fraser University

News Insurance

Why data breaches are particularly costly for Canadian financial firms

July 26, 2019 by Jason Contant

The average cost of a data breach in the Canadian “financial” industry is US$6.4 million – $2-million higher than the average cost for all other businesses, according to a new report from IBM Security and Ponemon Institute. The average cost

News ClaimsRisk

Marriott data breach could cost over $200 million: AIR

December 20, 2018 by Greg Meckbach

The hacking of a hotel reservation system affecting Sheraton, Westin, Starwood and Marriott could cost up to $600 million for direct losses alone, AIR Worldwide said this week. AIR, a subsidiary of Verisk Analytics Inc. that produces catastrophe loss models,

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What workers need to learn about cyber security

December 10, 2018 Joyce M. Rosenberg - THE ASSOCIATED PRESS

NEW YORK – It may seem obvious: Companies’ computers, mobile devices and accounts need secure passwords. But many small business owners don’t take the time to educate staffers about these very basic forms of cybersecurity. And staffers may not know

News Risk

Canadians among 500 million potentially affected by data breach

December 6, 2018 by Jason Contant

TORONTO – Canadians have started receiving emails from Marriott International, informing them of a recent breach of customers’ personal data held by their Starwood hotel properties. The U.S.-based hotel giant, which is also behind brands including W Hotels, St. Regis,