Canadian Underwriter

Keyword
data breach


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

Feature Claims CanadaInsurance

New data requirements will make cyber coverage mandatory

March 12, 2018 Heather Sanderson

Enacted by the European Parliament to simplify business rules for companies operating in the EU market and to strengthen the privacy rights of EU citizens, the General Data Protection Regulation (GDPR) comes into effect May 25, 2018. When it comes

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

News InsuranceMarkets / CoveragesTechnology

Former privacy commissioner offers tip on reporting data breaches

February 15, 2018 by David Gambrill

CEOs, not chief information officers (CIOs), should be making the call on whether to report a data breach when a company falls victim to a targeted cyberattack, a former privacy commissioner told a cyber loss management seminar organized by Crawford

Feature ClaimsLegislation / Regulation

The Latest Opportunity in Cyber Coverage

February 12, 2018 Eduard Goodman, Global Privacy Officer, CyberScout

Canadian businesses will soon be required to report all data breaches. Here’s how you can meet their need for cyber coverage.

News InsuranceLegislation / RegulationMarkets / CoveragesTechnology

Preparing your clients to report data breaches in Canada—and abroad

January 10, 2018 by Jason Contant

With Canada’s mandatory data breach notification provisions in the Digital Privacy Act expected to come into force this year, organizations will soon be required to report “breaches of security safeguards” that pose a “real risk of significant harm to an