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Bank of Canada warns of cyberattack vulnerabilities in financial sector

June 13, 2017 Mike Blanchfield and Jim Bronskill - THE CANADIAN PRESS

OTTAWA – Canada’s interconnected banks are vulnerable to a cascading series of cyberattacks that could undermine broad confidence in the financial system, the Bank of Canada warns. The structural vulnerability could allow for the easy spread of an initial attack

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New phishing scams aimed at accessing direct deposit funds emerging: Beazley

April 25, 2017 by Canadian Underwriter

Phishing scams aimed at accessing direct deposit funds have emerged as a new danger in 2017, specialist insurer Beazley said on Tuesday. Phishing scams aimed at accessing specific employee tax information were a continuing threat, representing 9% of all breaches

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Ransomware attacks quadrupled in 2016, projected to double again in 2017: Beazley

January 26, 2017 by Canadian Underwriter

Beazley, a provider of data breach response insurance, said in a report on Thursday that ransomware attacks quadrupled in 2016 and they are projected to double again in 2017. Beazley released its Beazley Breach Insights – January 2017 findings based

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U.S., U.K. cybersecurity officials: Destructive hacks are coming

October 20, 2016 Raphael Satter - THE ASSOCIATED PRESS

LONDON – The world should brace itself for more physically destructive hacks, two senior cybersecurity officials said Wednesday, warning that a more dangerous era of hacking was already upon us. Paul Chichester, the director of operations at Britain’s new National