Keyword
risk management
Cyber-related disruption as business advantage developing in manufacturing sector: Verizon
June 30, 2017 by Angela StelmakowichManufacturing is witnessing a significant hike in internal cyber threat actors linked to nation state schemes to disrupt operations and allow chosen businesses to gain competitive advantage and market share, David Ostertag, global investigation manager for Verizon’s investigative response unit,…
Disruption spawns opportunities for middle market, but risk preparedness concerning: Capital One
June 28, 2017 DisruptionThere appears to be a divide between middle-market companies fully expecting that disruption will unfold and taking concrete steps to address whatever risk that change may bring, suggest findings of a new study from New York-based Capital One Commercial Bank.…
New Zealand proposes shaking up earthquake commission scheme to smooth claims resolution
June 27, 2017 by Canadian UnderwriterNew Zealand will continue to flesh out the details of proposed changes aimed at simplifying and improving the Earthquake Commission (EQC) scheme to help support more timely response to affected policyholders. Reforms to the Earthquake Commission Act seek to “simplify…
Employee awareness, training key to building a solid cyber security culture: Echols
June 22, 2017 by Canadian UnderwriterA little competition could be a good thing, especially when it comes to building a cyber security culture, cyber expert Michael Echols suggested last week during a symposium co-hosted by the Travelers Institute and Economic Club of Canada. Developing a…
Retailers could lose US$71 billion from fraudulent card-not-present transactions in next five years: Juniper
June 21, 2017 by Canadian UnderwriterA number of factors, including click-and-collect fraud, have been identified as contributing to Juniper Research’s forecast that retailers stand to lose US$71 billion globally from fraudulent card-not-present (CNP) transactions over the next five years. Part of a new research issued…
ORIMS Golf Tournament, June 20, 2017
June 20, 2017 by Canadian UnderwriterPersistence paid off for the 288 contestants of ORIMS’ annual Golf Tournament, who enjoyed a few holes in the sunshine after a soggy start to the day’s round. Held June 20th at the Deer Creek Golf and Banquet Facility in…
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…
FIN10 intrusion operations predominately targeting Canadian organizations: FireEye
June 16, 2017 by Canadian UnderwriterFireEye, Inc. has observed an actor carrying out financially motivated intrusion operations – targeting organizations in North America, but predominately in Canada – that may require a different type of response, the company suggests in a new report. Believed to…
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…
TSB calls for ‘explicit risk management processes’ for commercial passenger vessel operators
June 15, 2017 by Canadian UnderwriterThe Transportation Safety Board of Canada reiterated Wednesday a 13-year-old recommendation that the federal government mandate safety management systems for small passenger enterprises. TSB released Wednesday an investigation report into the fatal capsizing Oct. 25, 2015 of the Leviathan II…
Holistic approach needed to reduce confusion around cyber security, tackle inaction: Echols
June 15, 2017 by Canadian UnderwriterTools meant to bolster cyber security are being introduced absent a holistic view, producing even more questions among already-confused businesses expecting some progress on their individual risk reduction efforts, cyber expert Michael Echols suggested Tuesday during a symposium in downtown…
Canadian and U.S. government agencies underperform on fraud detection and reporting, study finds
June 14, 2017 by Canadian UnderwriterGovernment agencies in Canada and the United States performed significantly worse than the business sector on fraud detection and mitigation, according to a new survey from risk management software provider ACL. The 2017 Fraud Survey involved a poll of more…