Keyword
phishing
ICBC issues warning on text message scam
September 29, 2017 by Canadian UnderwriterThe 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…
Security software, data back-up most important elements of U.S. cybersecurity policies: Clutch survey
September 7, 2017 by Canadian UnderwriterAlmost 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…
MacEwan University in Edmonton victim of $11.8 million phishing attack
September 1, 2017 by Canadian UnderwriterMacEwan 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…
Kaspersky discovers new version of Android Trojan that steals credentials from taxi and ridesharing app users
August 18, 2017 by Canadian UnderwriterResearchers 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…
Ransomware attacks continue to rise, but accidental data breaches remain a major cause of loss: Beazley
August 1, 2017 by Canadian UnderwriterRansomware 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…
Ransomware, alternative crypto-currencies and increased deception tactics among key cyber threats: Accenture Security
July 31, 2017 by Canadian UnderwriterDestructive 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…
U.S. data breaches increased at record pace during first half of 2017
July 24, 2017 by Canadian UnderwriterThe 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.…
Multi-factor authentication central to helping reduce data breaches: Ostertag
July 4, 2017 by Angela StelmakowichTaking a multi-layered approach to cyber security – including authentication – is likely the most important single thing to help combat access that then results in data breaches, David Ostertag, global investigation manager for Verizon’s investigative response unit, advised last…
Gains, losses in efforts to combat cyber crime in 2016: Trustwave
June 20, 2017 by Canadian UnderwriterThe fight against cyber crime showed both advances and retreats in 2016, with improvements on the intrusion detection and breach containment fronts matched by cyber crime increasingly being treated as a business, suggests a Trustwave report released Tuesday. Findings in…
ENCON Group announces standalone cyber policy for Canadian companies
June 16, 2017 by Canadian UnderwriterCanadian managing general agent (MGA) ENCON Group Inc. announced on Thursday the introduction of a standalone cyber insurance policy that provides coverage for network business interruption, ecommerce trading exposure, crime and intellectual property risks. Ottawa-based ENCON Group said in a…
Generali Global Assistance launches identity protection platform in Canada
June 7, 2017 by Canadian UnderwriterGenerali Global Assistance (GGA), part of the Generali Group, announced on Tuesday that its proprietary identity protection platform is now available for the Canadian marketplace. The offering provides an integrated approach to the four pillars of identity protection: prevention, monitoring,…
73% of U.S. businesses believe their organizations are highly protected from cyber threats, but “low cyber IQ” remains: Willis Towers Watson
June 6, 2017 by Canadian UnderwriterNearly three-quarters (73%) of businesses in the United States believe that their organizations are highly protected from attempts by outsiders to gain access to their systems and data, but “low cyber IQ” among employees poses a threat, according to a…