Keyword
Data
University of Calgary pays ransom after attack on computer systems
June 8, 2016 The Canadian PressCALGARY – The University of Calgary says it paid a ransom of $20,000 demanded after a recent cyberattack. The school says in a news release that staff were able to isolate some of the attack and are working to ensure…
Nearly half of polled firms with cyber insurance unsure if their policies are up-to-date for covering new attacks
June 7, 2016 by Canadian UnderwriterAlmost half of firms with cyber insurance are unsure if their policy is up-to-date for covering new cyber social engineering attacks, according to research from Mimecast Limited, an email and data security company. Research from the company into the growing…
60% of digital businesses will suffer major service failures by 2020 due to inability to manage digital risk: Gartner
June 6, 2016 by Canadian UnderwriterSixty per cent of digital businesses will suffer major service failures by 2020 due to the inability of IT security teams to manage digital risk, according to a special report from Gartner, Inc., an information technology research and advisory company.…
Free tools to help ransomware victims retrieve files
June 2, 2016 by Canadian UnderwriterTrend Micro International has announced the availability of free tools that the company reports will help users and organizations fight back against the dangers posed by ransomware. “The risks and impact of ransomware threats to end-users, small and medium-sized businesses,…
More than 6.8 million U.S. homes with reconstruction value of US$1.5 trillion at risk from hurricane storm surge: CoreLogic
June 1, 2016 by Canadian UnderwriterMore than 6.8 million homes on the Atlantic and Gulf coasts of the United States are at potential risk of damage from hurricane storm surge inundation, with a total reconstruction cost value of more than US$1.5 trillion, CoreLogic said on…
Passage of U.S. flood insurance bill would boost development of private market: A.M. Best
May 27, 2016 by Canadian UnderwriterInsurance rating firm A.M. Best Company said on Thursday that it believes that pending legislation that would encourage more private insurers to write flood insurance in the United States would be a positive development for the current flood insurance marketplace…
Trans Pacific Partnership makes it “quite likely” that Canadians’ confidential data would be subject to US Patriot Act: MP
May 17, 2016 by Canadian UnderwriterA provision in the Trans Pacific Partnership trade agreement, which Canada has signed but not ratified, makes it “quite likely” that banking information could be “accessible to American security intelligence agencies,” a federal member of parliament recently suggested. The TPP…
Analyzing new sources of data can help insurers create direct link with customers: speaker
May 13, 2016 by Angela StelmakowichInsurers that collect and analyze new data sources – including from sensors – could create direct links with customers, without the need for intermediaries, and promote enhanced personalization, Steve LaValle, a principal at Ernst & Young (EY), suggested during an…
Canadian, U.S. insurance agency mergers and acquisitions in Q1 breaks record, OPTIS Partners’ report reveals
May 12, 2016 by Canadian UnderwriterInsurance agency mergers and acquisitions in Canada and the United States hit an all-time high for the first quarter of the year, with 109 reported transactions in the first three months of 2016, according to OPTIS Partners’ M&A database. The…
Global market for business services using drones valued at more than US$127 billion: PwC
May 11, 2016 by Canadian UnderwriterThe emerging global market for business services using drones is valued at more than US$127 billion, according to a report released earlier this week by PricewaterhouseCoopers (PwC). The “drone revolution” is disrupting industries ranging from agriculture to filmmaking, PwC said…
IBM to teach Watson computer system “language of cybersecurity”
May 10, 2016 by Canadian UnderwriterIBM Security has announced that eight universities – including three in Canada – will help train its Watson computer system on the “language of security” as part of a year-long research project. Watson for Cyber Security, a new cloud-based version…
Services related to telematics, not commercial vehicle itself, becoming more of a focal point
May 2, 2016 by Angela StelmakowichA transition is occurring in which the focus is not so much on commercial vehicles as on services, including those related to telematics, that are increasingly becoming available, Sandeep Kar, global automotive practice leader for Frost & Sullivan, suggested Friday…