Canadian Underwriter

Two hands, lit up with purple light, coding or hacking in a dark room. Photo is overlaid with a string of code.
News Brokers

Will cyber become uninsurable?

February 10, 2022 by Alyssa DiSabatino

With some loss ratios peaking around 400% in recent years, underwriting cyber risk has become a challenge for the industry.  Brokerage executives discussed whether cyber is becoming uninsurable, and agreed a lack of understanding about technology risk is creating undue

ransomware on computer screen
News Insurance

Ransomware claims: behind the scenes

January 27, 2022 Ashley Burdon

Sadly, many of your clients will have fallen victim to cybercrime over the past couple of years – their data held hostage, systems suspended, or payments redirected by some faceless criminal halfway around the world. Worse, despite the clear benefit

News Insurance

Cyber cops in 9 nations, including Canada, team up to disrupt dangerous malware

January 27, 2021 Mike Corder - THE ASSOCIATED PRESS

THE HAGUE, Netherlands – Law enforcement authorities in several countries have joined forces to disrupt what they call one of the world’s most dangerous pieces of malware, one that allowed criminal gangs to install ransomware and steal data from computer

News Insurance

Recent hacking attempts include posing as insurance company

July 23, 2020 by Adam Malik

Insurers 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

News BrokersClaimsInsuranceRiskTechnology

These types of businesses are in serious need of a cyber policy

May 28, 2020 by David Gambrill

With ransomware and financial fraud on the rise, smaller businesses in Canada are vulnerable, particularly less-sophisticated organizations that move large amounts of money. For smaller brokerage houses selling cyber, examples of your next opportunities may be car dealers, people involved

News RiskTechnology

Think your password has been stolen? Think again.

October 30, 2018 by Jason Contant

Brokers would be well-advised to tell their clients to keep a cool head if they are contacted by email from someone claiming to have stolen their password. The latest online scam by cybercriminals uses stolen passwords from data breaches years