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Privacy breach hotel faces class action in Canada

December 11, 2018 Tara Deschamps - THE CANADIAN PRESS

TORONTO – Canadians who stayed at Marriott International Inc. and Starwood Canada ULC hotels are taking legal action against the companies following a security breach. At least three proposed class actions have been launched in Toronto and Montreal against the

Ontario legislature at Queen's Park in Toronto, Ontario government
News Legislation / RegulationRiskTechnology

Cyber risk concerns behind this consumer protection law

December 11, 2018 by Greg Meckbach

Identity theft risk increases when banks release customer information to government agencies doing research, an Ontario politician suggests. “The more information flows around, the more likely there is to be a hacking. It’s just like the more you are driving

News RiskTechnology

What workers need to learn about cyber security

December 10, 2018 Joyce M. Rosenberg - THE ASSOCIATED PRESS

NEW YORK – It may seem obvious: Companies’ computers, mobile devices and accounts need secure passwords. But many small business owners don’t take the time to educate staffers about these very basic forms of cybersecurity. And staffers may not know

News InsuranceRisk

How to grow in an era of new, intangible business risks

December 6, 2018 by David Gambrill

As business risks become more global, interconnected and less tangible, brokers and insurers should expand their dialogue with clients about loss mitigation or loss prevention, the chief executive of CNA Canada says. “An insurance policy today isn’t really enough,” CNA

News Risk

Canadians among 500 million potentially affected by data breach

December 6, 2018 by Jason Contant

TORONTO – Canadians have started receiving emails from Marriott International, informing them of a recent breach of customers’ personal data held by their Starwood hotel properties. The U.S.-based hotel giant, which is also behind brands including W Hotels, St. Regis,

News InsuranceTechnology

The real risk to SMEs from data breaches

December 4, 2018 by Jason Contant

Changes to Canadian privacy laws expose small and medium-sized enterprises (SMEs) in Canada to potentially higher compliance costs and civil liability in the event of a data breach, according to a new report from commercial insurer Aon. On Nov. 1,

News Legislation / RegulationRisk

Data breach risk prompts new Ontario legislation

November 30, 2018 by Greg Meckbach

Recent backlashes against Statistics Canada and Facebook have prompted Ontario lawmakers to make it harder to share consumer banking information. “Financial data is especially vulnerable to hacking,” Stephen Crawford, Ontario MPP for Oakville, said Thursday at Queen’s Park in Toronto.

News Insurance

Half a billion could be affected by hotel data breach

November 30, 2018 THE ASSOCIATED PRESS

BETHESDA, Md. – A security breach at one of North America’s largest hotel groups, which includes the Sheraton, Westin, Starwood and Marriott brands, has exposed the personal information of as many as 500 million guests. Marriott International, Inc. said Friday

News LegalTechnology

Two charged in 2016 ransomware attack that hit University of Calgary

November 29, 2018 The Canadian Press

CALGARY – The FBI says it has charged two men in Iran as part of an investigation into cyberattacks that targeted the University of Calgary and computer networks in the United States. The university paid a ransom of $20,000 after

News ClaimsLegalLegislation / Regulation

Why this commercial line is unprofitable

November 27, 2018 by Greg Meckbach

Commercial brokers could see fewer carriers offering directors and officers (D&O) liability in the future. That’s because “market consolidation is something that you might see on the carrier side,” said Ian Fraser, assistant vice president of technology, cyber and professional

News Legal

700-million D&O lawsuit arises from failed Ottawa NHL arena deal

November 26, 2018 THE CANADIAN PRESS

OTTAWA – Senators owner Eugene Melnyk is suing his business partner for $700 million in a development deal that was meant to bring a new NHL arena to Ottawa’s downtown. Capital Sports Management Inc., a group controlled by Melnyk, said

News RiskTechnology

The single most important factor to successful AI adoption

November 24, 2018 by Jason Contant

The key to rebranding as an artificial intelligence (AI) company is tapping into an “ultra-specialized talent pool” with a deep understanding of the field, says the chief science officer at Royal Bank of Canada. “It’s impossible to overstate the importance