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phishing

News Insurance

Recent hacking attempts include posing as insurance company

July 23, 2020 by Adam Malik

Insurers and financial service providers have come under unrelenting cyberattack this year, with some cybercriminals even posing as an insurance company in an attempt to infect a user’s system, according to a new report. Financial services and insurance providers experienced

News Insurance

Two ways your clients are most likely to get hacked during COVID-19

July 17, 2020 by Adam Malik

Cybercriminals are showing much better success with phishing and social engineering attacks while everyone is working from home during the COVID-19 pandemic, says a recent report. In fact, in a highly-publicized incident just days ago, Twitter confirmed it was the

News Insurance

Why hackers are zeroing in on your manufacturing clients

July 10, 2020 by Adam Malik

Online hackers are targeting manufacturers because they’re between a rock and a hard place: Pay up or see operations grind to a halt. All sectors are susceptible to data breaches, ransomware attacks and phishing, but criminals are narrowing their focus

News RiskTechnology

Web conferencing platforms at risk of being lure for phishing emails: consultant

March 27, 2020 David Paddon - THE CANADIAN PRESS

TORONTO – With the use of web-based video conferences proliferating during the COVID-19 crisis, cyber security experts warn they pose a threat as well as an opportunity in the age of telework. “In the past, we have seen certain teleconferencing

News LegalRiskTechnology

Cyber attack in Canada spawns $60 million lawsuit

March 29, 2019 By Colin Perkel - THE CANADIAN PRESS

TORONTO – As many as 200,000 people may have had their personal information stolen in a hack on servers at one of Ontario’s most popular casinos, a lawyer for the plaintiffs pressing a proposed class action argued on Thursday. However,

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ICBC issues warning on text message scam

September 29, 2017 by Canadian Underwriter

The Insurance Corporation of British Columbia (ICBC) is warning customers to delete any text messages purporting to be sent from the insurer, after “a number” of customers reported to have received these texts over the last 24 hours. ICBC reported

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Security software, data back-up most important elements of U.S. cybersecurity policies: Clutch survey

September 7, 2017 by Canadian Underwriter

Almost all polled large employers in the United States have a cybersecurity policy in place, with required security software and how to back up data being the most important elements of the policy, a recent study from research company Clutch

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MacEwan University in Edmonton victim of $11.8 million phishing attack

September 1, 2017 by Canadian Underwriter

MacEwan University has reported it was the victim of a phishing attack in August that resulted in the transfer of $11.8 million to the alleged perpetrator. MacEwan University said in a statement on Thursday that it discovered the fraud on

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Kaspersky discovers new version of Android Trojan that steals credentials from taxi and ridesharing app users

August 18, 2017 by Canadian Underwriter

Researchers from cybersecurity company Kaspersky Lab reported on Thursday that they have discovered a new modification of the well-known mobile banking Trojan, Faketoken, which is now able to steal credentials from taxi and ridesharing app users. Based on the results

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Ransomware attacks continue to rise, but accidental data breaches remain a major cause of loss: Beazley

August 1, 2017 by Canadian Underwriter

Ransomware attacks continued their rise in the first half of 2017, up by 50% over the first half of 2016, but accidental breaches continue to be a major problem and account for 30% of breaches overall, specialist insurer Beazley reported

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Ransomware, alternative crypto-currencies and increased deception tactics among key cyber threats: Accenture Security

July 31, 2017 by Canadian Underwriter

Destructive ransomware, alternative crypto-currencies and increased use of deception tactics are among the threats driving the lucrative cybercriminal marketplace, the security branch of professional services company Accenture said in a recent report. “The first six months of 2017 have seen

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U.S. data breaches increased at record pace during first half of 2017

July 24, 2017 by Canadian Underwriter

The number of data breaches in the United States tracked through June 30 hit a half-year record high of 791, according to recent numbers release by the Identity Theft Resource Center (ITRC) and CyberScout, a provider of identity protection solutions.