Keyword
fraud
Chipotle Mexican Grill confirms malware involving point-of-sale devices at certain restaurants
May 29, 2017 by Canadian UnderwriterChipotle Mexican Grill, Inc. has confirmed “the operation of malware designed to access payment card data from cards used on point-of-sale (POS) devices at certain Chipotle and Pizzeria Locale restaurants between March 24, 2017 and April 18, 2017.” Chipotle said…
Toyota Research Institute exploring blockchain for possible use in autonomous driving technology
May 23, 2017 by Canadian UnderwriterThe Toyota Research Institute (TRI) announced on Monday that it is exploring blockchain and distributed ledger technology (BC/DL) for use in the development of a “new mobility ecosystem that could accelerate development of autonomous driving technology.” TRI is collaborating with…
Global uptick in CEOs forced out of office for ethical lapses, Canada among lowest incidence of dismissals: Strategy&
May 17, 2017 by Canadian UnderwriterAn analysis of CEO successions at the world’s largest 2,500 public companies over the past 10 years shows a marked increase in forced turnovers for ethical lapses, although Canada is among the countries with the lowest incidence of such dismissals.…
Analytics single greatest disruptor to Canadian insurance industry: survey
April 4, 2017 by Canadian UnderwriterAnalytics is the single greatest disruptor to the Canadian insurance industry today, according to 65% of executives polled for a recent survey by Insurance Nexus, a division of FC Business Intelligence. Insurance Nexus reported on Tuesday that it recently surveyed…
Cyber Aware
April 1, 2017 Hershel Sahian, Partner; and Andrew Cottreau, Student-At-Law, Hughes Amys LLPCyber crime is on the rise. A study released by Juniper Research in mid-2015 projected that by 2019, the global cost of cyber crime will reach more than US$2 trillion, increasing to almost four times the estimated cost of breaches…
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…
Canadians believe businesses working to protect personal information, but cybersecurity concerns linger: fraud survey
March 27, 2017 by Canadian UnderwriterThere is a sharp drop in the number of Canadians expressing concern about identity theft this year compared to last year, and Canadian businesses are working to protect personal information of customers, a new survey conducted for the Chartered Professional…
Organizations considering standalone cyber coverage should evaluate risk profile to see if traditional policies are adequate: RIMS
March 24, 2017 by Canadian UnderwriterOrganizations considering standalone cyber coverage should carefully evaluate their risk profile and determine whether more traditional policies provide adequate coverage, suggests a newly released report from RIMS, the risk management society. The report, authored by Teri Cotton Santos, a member…
Incumbent insurers should rethink businesses, embrace opportunity in digital technology: McKinsey & Company
March 9, 2017 by Canadian UnderwriterThe insurance industry is not impregnable and companies would be well-advised to reinvent themselves by incorporating digital technology and allowing it to become a catalyst, suggests a new report issued Thursday by McKinsey & Company. Some executives “know that staying…
Fraud vigilance increasing among polled Canadians: Equifax Canada
February 28, 2017 by Canadian UnderwriterSurveyed Canadians are becoming more vigilant about guarding against fraud, with the lion’s share of respondents taking measures to protect their personal information and three in 10 seeking help to ensure they are alerted should a fraud be under way.…
Half of polled Canadian businesses suspect or know their firms have been hit by fraud in last year
February 22, 2017 by Canadian UnderwriterNew survey findings indicate a disconnect between how many Canadian businesses have experienced fraud in the last year and the high level of confidence among business and C-suite executives regarding their ability to prevent such incidents. Half of the Canadian…
ICBC launches education campaign on insurance fraud
February 21, 2017 by Canadian UnderwriterThe Insurance Corporation of British Columbia (ICBC) announced on Monday that it has launched an education campaign aimed at helping to prevent insurance fraud. ICBC said in a statement that while most claims are honest, insurance industry studies estimate that…