Keyword
privacy
Why cyber can be a hard sell for brokers
September 24, 2018 by Greg MeckbachData breaches are all over the news, but convincing some corporate clients to spend in the neighbourhood of $1,000 a year for insurance coverage can be an uphill battle. Some cyber insurance products cost around $100 a year, but those…
Regulator reveals reason for electronic pink slips delay
August 28, 2018 by Jason ContantPolice concerns about drivers’ mobile phone privacy rights are a major stumbling block in the introduction of electronic proof of insurance in various parts of the country, provincial financial and insurance regulators have told Canadian Underwriter. Canadian Underwriter recently contacted a…
Canadian tech firm flags effect of EU’s new privacy law
August 10, 2018 by Greg MeckbachNew privacy rights for Europeans have changed the way a Canadian multinational business software provider looks at its liability risk. The European General Data Protection Regulation (GDPR) took effect May 25 and makes it mandatory for companies to disclose data…
How the privacy commissioner aligned with mutuals on Bill C-74
May 23, 2018 by David GambrillCanadian privacy law as it currently stands may not be enough to protect Canadians if banks are allowed to disclose their customer data to fintechs, Canada’s privacy commissioner told the Canadian Senate Committee on Banking, Trade and Commerce Wednesday. “Financial…
New MGA promises to “redefine” cyber risk business in Canadian P&C market
May 22, 2018 by Jason ContantBoxx Insurance, a new managing general agent (MGA) based in Toronto, has launched its flagship product Cyberboxx to help customers comply with the new data privacy legislation expected to become law in November. Federal mandatory data breach regulations will take…
Data-harvesting firms are exploiting gaps in Canadian law, MPs hear
May 10, 2018 The Canadian PressOTTAWA – Lawmakers delving into the Facebook data scandal are hearing experts call for substantial regulatory upgrades to protect the privacy of Canadians – as well as warn of democratic and economic risks posed by foreign companies motivated by “surveillance…
Who are the ‘right people’ to respond to cyber incidents?
April 19, 2018 by Greg MeckbachProperly-trained employees are critical to managing cyber risk, especially with the nation-wide breach reporting law taking effect this fall, brokers and risk consultants told insurance professionals at a recent conference. On November 1, several new sections – including one mandating…
Insurer must defend hospital nurse sued for breach of privacy: Court
April 3, 2018 by Greg MeckbachAviva Canada has a duty to defend a nurse who is being sued for privacy breach by a patient whose medical records were accessed in a Simcoe, Ontario hospital, the Court of Appeal for Ontario ruled in a decision released…
One easy way to reduce ransomware risk
March 2, 2018 Greg Meckbach, Associate EditorRisk managers who teach employees what suspicious email looks like can drastically reduce the risk of being hit with ransomware, a commercial insurer executive said Wednesday. Ransomware is when criminals hack into computer systems, encrypt files and demand a ransom…
Inconvenience: the new standard for certifying privacy breach class actions?
February 28, 2018 by Jason ContantJudges in class action lawsuits involving privacy breaches are going to become “more accepting of the notion that you can get money for your inconvenience,” a lawyer said on Friday at NetDiligence’s Cyber Risk Summit in Toronto. Eric Dolden, a…
Broker fined for unorthodox method of storing client documents
February 20, 2018 by David GambrillA B.C. broker has been fined $2,500 and ordered to complete a privacy compliance course after it was discovered that she was storing client documents in the locked garage of her home. Her time-honoured, paper-based method of storing documents came…
The Latest Opportunity in Cyber Coverage
February 12, 2018 Eduard Goodman, Global Privacy Officer, CyberScoutCanadian businesses will soon be required to report all data breaches. Here’s how you can meet their need for cyber coverage.