Keyword
phishing
Government impersonation, phishing are top financial scams, Interac survey finds
November 30, 2023 Ritika Dubey - THE CANADIAN PRESSTORONTO – Government impersonation is one of the most common financial scams plaguing people across Canada, a new survey from payment processing company Interac Corp. has found. The report, released Tuesday, said 42 per cent of survey respondents reported dealing…
Help small business clients deter cyberattacks
October 3, 2023 Jason ContantWhen it comes to cybersecurity in 2023, employees are usually the weakest link, ethical hackers told Canadian Underwriter. This is especially true for smaller businesses, which often have no visibility into their corporate networks, little or no budget for cybersecurity,…
Is Canada’s insurance industry becoming an online fraud target?
September 26, 2022 Canadian Underwriter StaffCanada’s insurance industry saw the highest increase in digital fraud attempts—up 125% between Q2 2021 and Q2 2022—of all industries in the country that were screened as part of a quarterly study from credit-reporting firm TransUnion. The only Canadian industries…
Phishing experiment nets insurance and finance industries
December 9, 2021 Canadian Underwriter StaffMore than a quarter of finance and insurance professionals took the bait when a phishing email hit their inboxes, said a study from a Laval, Que.-headquartered security awareness training firm. For users across all industries surveyed, nearly one in five…
When phishing links are dangled before insurance professionals, do they go for the bait?
December 10, 2020 by Jason ContantThere’s good news and bad news when it comes to insurance industry employees clicking on phishing email links, according to a recent study from a Laval, Que.-headquartered security awareness training firm. The good news is that global “finance & insurance”…
Insurer CFOs share personal experiences dealing with cybercriminals
December 1, 2020 by Jason ContantAbout two years ago, Northbridge Financial Corporation’s chief financial officer Craig Pinnock received an email purportedly from Northbridge CEO Silvy Wright requesting help with a wire transfer. “Silvy’s name’s there, Silvy’s signature, so I fire back quickly, ‘Sure, no problem.…
$5-million cyber claim for phishing scam heads to top court
November 30, 2020 by Greg MeckbachA $5-million coverage dispute with The Co-operators that arose from a phishing attack is headed to the Supreme Court of Canada. Canada’s top court is booked Dec. 7 to hear arguments in Co-operators General Insurance Company v. Sollio Groupe Coopératif.…
Recent hacking attempts include posing as insurance company
July 23, 2020 by Adam MalikInsurers 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…
Two ways your clients are most likely to get hacked during COVID-19
July 17, 2020 by Adam MalikCybercriminals 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…
Why hackers are zeroing in on your manufacturing clients
July 10, 2020 by Adam MalikOnline 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…
Web conferencing platforms at risk of being lure for phishing emails: consultant
March 27, 2020 David Paddon - THE CANADIAN PRESSTORONTO – 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…
Cyber attack in Canada spawns $60 million lawsuit
March 29, 2019 By Colin Perkel - THE CANADIAN PRESSTORONTO – 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,…