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U.S. traffic fatalities up 7.2% in 2015 from previous year, ending five-decade decline: NHTSA

August 30, 2016 by Canadian Underwriter

More than 35,000 people in the United States lost their lives in traffic crashes in the United States last year, ending a five-decade trend of declining fatalities, the National Highway Traffic Safety Administration (NHTSA) reported on Monday. A total of

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Cybercriminals recruiting insiders to attack telecommunication providers: Kaspersky

August 22, 2016 by Canadian Underwriter

Cybercriminals are using insiders to gain access to telecommunications networks and subscriber data, according to an intelligence report from global cybersecurity company Kaspersky Lab. In addition to targetting insiders, these criminals are also recruiting disillusioned employees through underground channels and

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Business intelligence data analytics users in U.S. say structured data tops unstructured data: Clutch

August 16, 2016 by Canadian Underwriter

The lion’s share of business intelligence (BI) data analytics users in the United States taking part in a recent Clutch survey regard structured data like internal information as more important than unstructured data, such as social networks. In all, 83%

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University of Calgary professor using NASA satellite data to help forecast forest fires

July 26, 2016 by Canadian Underwriter

An engineering professor from the University of Calgary is using freely accessible satellite data from NASA to create five classes of forest fire risk to help accurately predict where these hazards might strike. Quazi Hassan, a geomatics engineering associate professor

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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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Executives want insurance decision-making to be faster: PwC report

June 29, 2016 by Canadian Underwriter

Executives want decision-making to be faster, especially in insurance, banking and healthcare, according to a report released earlier this week by PricewaterhouseCoopers (PwC). The 2016 Big Decision Survey, released on Monday, focused on how enterprises around the world, including Canada,

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U.S. commercial insurance prices rose less than 1% in first quarter: Willis Towers Watson

June 13, 2016 by Canadian Underwriter

Commercial insurance prices in the United States increased modestly in aggregate – less than 1% – during the first quarter of 2016, continuing a three-year trend of smaller increases, according to the latest Commercial Lines Insurance Pricing Survey (CLIPS) by

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University of Calgary pays ransom after attack on computer systems

June 8, 2016 The Canadian Press

CALGARY – 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

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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 Underwriter

Almost 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

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60% of digital businesses will suffer major service failures by 2020 due to inability to manage digital risk: Gartner

June 6, 2016 by Canadian Underwriter

Sixty 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.

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Free tools to help ransomware victims retrieve files

June 2, 2016 by Canadian Underwriter

Trend 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,

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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 Underwriter

More 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