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data breach


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VerticalScope, online forum operator, hacked; says it’s beefing up security

June 20, 2016 The Canadian Press

TORONTO – VerticalScope, a Toronto-based company that operates hundreds of websites and online forums, was the victim of a hacker earlier this year who stole millions of user records. “We believe that any potential breach is limited to user names,

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Data breaches detection, escalation costs highest in Canada: global IBM/Ponemon report

June 16, 2016 by Canadian Underwriter

Detection and escalation costs related to data breaches were the highest in Canada and lowest in India, note findings of a new global survey released Wednesday. “The average detection and escalation costs for Canada was US$1.60. In contrast, the average

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Cyber security awareness training critical for businesses, data breaches changing online behaviours

May 27, 2016 by Canadian Underwriter

Employees need to become advocates of cyber security to reduce associated risks and help better protect the businesses for which they work, suggests Joe Ferrara, president and CEO of Pittsburgh-based Wombat Security Technologies. “Security awareness training has become a business-critical

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Government’s response to 2015 OPM data breach hasn’t improved U.S. federal agencies’ security: study

May 19, 2016 by Canadian Underwriter

More than half of polled federal cyber executives in the United States said they don’t agree that the government’s response to last summer’s massive Office of Personnel Management (OPM) data breach has improved their agency’s security. The State of Cybersecurity

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Vast majority of tested applications have at least one vulnerability: cyber security report

April 20, 2016 by Canadian Underwriter

Cyber criminals are increasingly making use of malware-as-a-service, an issue of concern given that 97% of applications tested by Trustwave in 2015 had at least one vulnerability, note findings from the 2016 Trustwave Global Security Report. While the lion’s share

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No ‘plague’ of data breaches and solvency issues, fintech industry CEOs say

April 6, 2016 Alexandra Posadzki - THE CANADIAN PRESS

TORONTO – There is no “plague” of data breaches and solvency issues affecting financial technology upstarts, contrary to what TD Bank’s CEO says, the heads of several companies in the so-called fintech sector said Monday. The industry insiders were responding