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data breach


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40% of polled U.S. policyholders who purchased cyber coverage in last six months have increased coverage: Council of Insurance Agents & Brokers

October 28, 2016 by Canadian Underwriter

The Council of Insurance Agents & Brokers (CIAB) in the United States has reported that nearly 40% of polled policyholders who purchased cyber coverage in the last six months have increased their coverage levels. Earlier this week, the CIAB released

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Chubb launches product to protect Canadian companies against privacy, intellectual property, financial injury and cyber risks

October 4, 2016 by Canadian Underwriter

Chubb announced on Tuesday that its Integrity+ product is now available in Canada to help protect companies from errors and omissions (E&O) liability customer lawsuits alleging that their products or services caused privacy violations, intellectual property infringements or other financial

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Password breach could have ripple effects well beyond Yahoo

September 27, 2016 Raphael Satter - THE ASSOCIATED PRESS

LONDON – As investors and investigators weigh the damage of Yahoo’s massive breach to the internet icon, information security experts worry that the record-breaking haul of password data could be used to open locks up and down the web. While

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Data breach settlement approved in Canadian class action lawsuit against Home Depot

September 3, 2016 by Canadian Underwriter

An Ontario court recently approved a settlement in a class action lawsuit against Home Depot of Canada, Inc. and its corporate parent arising from a data breach in 2014 that affected its payment card system. Class action lawsuits were filed

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90% of global consumer product companies have experienced data breach, almost half not complying with regulations: Capgemini report

July 14, 2016 by Canadian Underwriter

Nine in ten global consumer product (CP) companies have faced a data breach and nearly one in two do not company with industry regulations, research from Gapgemini has found. The consulting, technology and outsourcing services firm conducted a global survey

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Malware an increasingly efficient, effective way to perpetrate data breaches

June 28, 2016 by Angela Stelmakowich

Everything is going automatic – and those looking to perpetrate data breaches with malware are no different – emphasizing the need for individuals and organizations to be better prepared to keep the cyber door closed to potential threats. With the

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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