Keyword
data theft
Global cyber attacks expected to up demand for related insurance, U.S. market could grow 10-fold: Fitch Ratings
May 16, 2017 by Canadian UnderwriterFitch Ratings expects demand for cyber insurance protection will increase in the wake of the slew of recent ransomware cyber attacks in 150-plus countries, but cautions against aggressive expansion that could prove credit-negative. “Growth in corporate anxiety from cyber-related threats…
Simultaneous cyberattacks on multiple companies likely in 2017, financial services industry key concern: AIG study
May 11, 2017 by Canadian UnderwriterNine in 10 global cybersecurity and risk experts believe that cyber risk is systemic and that simultaneous attacks on multiple companies are likely in 2017, according to a study issued on Wednesday by global insurer American International Group, Inc (AIG).…
Chubb to provide complimentary identity management services to Canadian personal lines customers
March 28, 2017 by Canadian UnderwriterChubb has announced a partnership with identity management and data theft service experts CyberScout to offer a fully complimentary array of identity management services to all Masterpiece homeowners in Canada. Chubb said in a press release that Cyberscout services provide…
Ontario-based Pen Underwriting Canada launches cyber insurance product
February 15, 2017 by Canadian UnderwriterBurlington, Ont.-based Pen Underwriting Canada Limited announced on Wednesday that it has created a comprehensive cyber solution to respond to the “increasing threat that cybercrime poses for corporations.” Backed by A+ rated capacity, the specialist cyber product is designed for…
SMEs’ cyber risk awareness on the rise: Zurich study
November 23, 2016 by Canadian UnderwriterCyber risk awareness among small- and medium-sized enterprises (SMEs) is on the rise, according to Zurich Insurance Group’s fourth annual global SME survey. The survey found that just 10% of SMEs said that they were too small to be at…
Global insurers can now register for “cyber-safe” .insurance domain name
May 5, 2016 by Canadian UnderwriterEarly registration for the “cyber-safe” .insurance domain name opened on Wednesday via Instra Corporation, the corporate domain name retailer subsidiary of London, United Kingdom-based CentralNic plc. The protected domain space for the insurance industry “promises enhanced security for tens of…
Two-thirds of polled Canadians do not trust self-driving vehicles, but think there are benefits in the future: CAA
April 18, 2016 by Canadian UnderwriterCanadians are wary of driverless cars, with nearly two-thirds saying they would not trust a vehicle to drive itself while they are in it, according to new research released on Monday by the Canadian Automobile Association (CAA). CAA said that…