Keyword
financial services
Canada fourth largest cyber security hub in world, Ontario has potential to assume leading role
October 19, 2016 by Canadian UnderwriterMore investment and co-ordination is needed if Ontario – which offers strengths in financial services and technology – is to realize its potential to assume a more dominant leadership role in cyber security, notes a new report issued Thursday. Commissioned…
52% of American transportation firms surveyed worry about distracted driving: Travelers
September 26, 2016 by Canadian UnderwriterMore than 90% of American consumers surveyed by The Travelers Companies Inc. reported they were “at least somewhat” concerned by distracted driving, while more than half of business respondents reported the same concern, Travelers said in a report announced Monday.…
Global banking, financial services and insurance security market to grow to US$48.95 billion by 2021: report
September 9, 2016 by Canadian UnderwriterThe global banking, financial services and insurance (BFSI) security market is estimated to grow to nearly US$50 billion by 2021, driven by regulatory, security and cyber factors. Market research firm MarketsandMarkets said in a report released Thursday that the BFSI…
Lost or stolen devices account for one-quarter of breaches in U.S. financial services sector: study
September 1, 2016 by Canadian UnderwriterLost or stolen devices accounted for one in four breaches in the financial services sector in the United States, according to a recent study from Bitglass, a total data protection company based in Campbell, Calif. The Silicon Valley cloud access…
Global IT spending forecast to reach US$2.7 trillion in 2020, led by financial services, manufacturing and healthcare
August 29, 2016 by Canadian UnderwriterWorldwide revenues for information technology products and services will grow from nearly US$2.4 trillion in 2016 to more than US$2.7 trillion in 2020, according to the International Data Corporation (IDC). A newly published update to the Worldwide Semiannual IT Spending…
Fears of further personal information exposure following cyberattack would prevent some consumers from shopping at breached retailer: study
August 23, 2016 by Canadian UnderwriterFears of further exposure of personal information following a cyberattack would prevent 33% of consumers from shopping at a breached retailer for at least three months, according to a recent survey from KPMG LLP, the audit, tax and advisory firm.…
Economic crime in global financial services sector has increased, despite compliance investments: PwC
July 27, 2016 by Canadian UnderwriterDespite “significantly increasing investment in compliance and being continuously under the scrutiny of regulators,” economic crime in the global financial services sector has increased slightly, showing new thinking is needed to make investment in compliance deliver more value and tackle…
Disruption in financial services demands executives are able to identify imminent threats, opportunities
June 7, 2016 by Canadian UnderwriterChief information officers (CIOs) and other executives in financial services must be able to identify the imminent threats and opportunities that will be affecting their operating model, human capital approach, ability to innovate and ability to execute, notes a new…
Single regulatory approach not the same as one-size-fits-all, CIFF speaker emphasizes
May 30, 2016 Jason Contant, Online EditorA single financial services regulatory approach does not mean a one-size-fits-all approach at all, a speaker stressed last week at the Canadian Insurance Financial Forum at the Allstream Centre in Toronto. Lawrence Ritchie, a partner at Osler, Hoskin & Harcourt…
Significant UK cyberattack could cost billions of pounds in economic losses, study finds
April 12, 2016 by Canadian UnderwriterA significant cyberattack across the United Kingdom’s critical national infrastructure could have “far-reaching and significant economic impacts” for Britain, according to a study carried out by the Cambridge Centre for Risk Studies. The report, titled Integrated Infrastructure: Cyber Resiliency in…