Canadian Underwriter

Keyword
data breach

News RiskTechnology

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,

News Legislation / RegulationRisk

Data breach risk prompts new Ontario legislation

November 30, 2018 by Greg Meckbach

Recent backlashes against Statistics Canada and Facebook have prompted Ontario lawmakers to make it harder to share consumer banking information. “Financial data is especially vulnerable to hacking,” Stephen Crawford, Ontario MPP for Oakville, said Thursday at Queen’s Park in Toronto.

News Insurance

Half a billion could be affected by hotel data breach

November 30, 2018 THE ASSOCIATED PRESS

BETHESDA, Md. – A security breach at one of North America’s largest hotel groups, which includes the Sheraton, Westin, Starwood and Marriott brands, has exposed the personal information of as many as 500 million guests. Marriott International, Inc. said Friday

News BrokersLegislation / RegulationTechnology

Why cyber can be a hard sell for brokers

September 24, 2018 by Greg Meckbach

Data breaches are all over the news, but convincing some corporate clients to spend in the neighbourhood of $1,000 a year for insurance coverage can be an uphill battle. Some cyber insurance products cost around $100 a year, but those

News BrokersInsuranceRiskTechnology

How to advise clients on cyber after Algonquin breach

July 31, 2018 by Jason Contant

Brokers can aid their clients by raising awareness of the common tactics of cybercriminals, as well as by advising their clients to be careful about with whom they share their personally identifiable information (PII). Zac Cohen, general manager of Vancouver-based

News LegalMarkets / Coverages

How data breaches cause harm even if no financial info is stolen

July 17, 2018 by Jason Contant

A recent data breach at an Ontario college highlights the importance of educating clients on cybersecurity, even if no financial information was exposed. “Even having your name, address and date of birth stolen can still cause problems,” Don Duncan, security

News InsuranceLegislation / RegulationMarkets / CoveragesTechnology

Privacy Commissioner gives brokers more ammunition to sell cyber policies

June 6, 2018 by Jason Contant

Canada’s privacy commissioner is looking to add some bite to the country’s federal privacy laws. And if you need another reason to keep cyber insurance top of mind for your clients, look no further than a recent survey from the

News Technology

Why North America is the costliest for SMB data breaches

May 28, 2018 by Jason Contant

North America is the most expensive location for a small and medium-sized business (SMB) to suffer a data breach, with SMBs in Canada and the United States also having the highest recovery cost, according to a new study. This year’s

News InsuranceLegislation / Regulation

New privacy rules give businesses flexibility on data breach reporting

April 20, 2018 David Paddon - THE CANADIAN PRESS

TORONTO – Federal data breach regulations set to take effect Nov. 1 will require mandatory reporting of security breaches that pose a “real risk of significant harm,” but give businesses flexibility about how that’s done. Ottawa has rolled out the

News InsuranceMarkets / CoveragesTechnology

How Canada’s data breach reporting law can help brokers sell cyber based on facts, not fear

March 22, 2018 by David Gambrill

Canada’s forthcoming implementation of mandatory data breach reporting may create an opportunity for the country’s commercial brokers to have conversations with their clients about cyber insurance risk based on concrete data instead of fear, a Marsh Canada broker says. Improved

News Markets / CoveragesTechnology

Cyberattacks will increasingly lead to business interruption, cyber insurer warns

February 22, 2018 by Jason Contant

Cyber insurer Beazley is expecting an increase in cyberattacks that lead to business interruption, especially due to the growth of cloud platforms and connected devices in the workplace. On Wednesday, Beazley released its 2018 Breach Briefing outlining the types of