What’s keeping risk managers up at night?
November 27, 2017 Jason Contant, Online EditorDarius Delon, a consultant and president of Risk Management 101, told Canadian Underwriter Monday what he sees as the top concerns for risk managers. Here are his Top 3 risks: Number 1: Awareness about legislative changes In some instances, organizations…
Uber hack raises disclosure concerns, calls for stronger data protection
November 23, 2017 Ian Bickis - THE CANADIAN PRESSThe theft of details on millions of Uber customers, and the company’s efforts to cover up the breach, have raised alarms among privacy experts and renewed calls for better data protection laws in Canada. Uber admitted Tuesday that hackers stole…
Uber isn’t saying how many Canadians were affected by year-old hack
November 22, 2017 The Canadian Press (CPSTF)TORONTO – Privacy advocates are raising alarms at Uber’s reluctance to disclose a year-old security breach that saw hackers steal the personal information of millions of customers around the world. Uber admitted Monday that hackers stole names, email addresses and…
January 1, 2017 Legislative changes: Will they mitigate motor vehicle property claim costs?
November 3, 2017 Lisa M. CarrOntario passed Bill 15, the Fighting Fraud and Reducing Automobile Insurance Rates Act in 2014. That law made changes to both the Repair and Storage Liens Act and Consumer Protection Act.
Beazley reports nine-fold rise in data breaches due to social engineering in first three quarters of 2017
October 24, 2017 by Canadian UnderwriterSpecialist insurer Beazley has reported a nine-fold increase in data breaches due to social engineering in the first to third quarters of this year. In the first three quarters of 2016, attacks involving social engineering – a form of attack…
The Co-operators releases privacy breach product for Canadian businesses
October 18, 2017 by Canadian UnderwriterThe Co-operators General Insurance Company announced on Wednesday a new product that provides insurance coverage and risk management solutions for Canadian businesses to help protect them from the “rapidly growing threat of privacy breach.” The coverage complements commercial insurance policies…
Yahoo triples data breach numbers to 3 billion accounts affected in 2013
October 4, 2017 Matt O’Brien - THE ASSOCIATED PRESSBOSTON – Yahoo has tripled down on what was already the largest data breach in history, saying it affected all 3 billion accounts on its service, not the 1 billion it revealed late last year. The company announced Tuesday that…
U.S. federal agency urging corporate cybersecurity upgrades is hacked
September 21, 2017 The Associated Press (APR)The federal agency responsible for ensuring that markets function as they should and for protecting investors was hacked last year and the intruders may have used the nonpublic information they obtained to profit illegally. The disclosure arrived two months after…
Web applications the soft underbelly of organizations: Alert Logic report
August 17, 2017 by Canadian UnderwriterWeb applications are the soft underbelly of organizations, including in the financial services and insurance sectors, with injection-style attacks leading the pack, a new report from Alert Logic has found. Alert Logic, a provider of security and compliance solutions for…
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…
U.S.-based security services firm discovers cyber vulnerabilities in radiation monitoring devices
July 27, 2017 by Canadian UnderwriterIOActive, Inc., a “research-driven, high-end information security services” firm headquartered in Seattle, Wash., announced on Wednesday that its research has found a number of cybersecurity vulnerabilities in widely deployed radiation monitoring devices (RMDs). RMDs are used to monitor the radiation…
Alternate dispute resolution, tripling accident benefits among potential solutions for B.C. auto insurance: EY
July 26, 2017 by Canadian UnderwriterThe process of suing for compensation for motor vehicle accidents “could be made far more efficient” in British Columbia, whose monopoly auto insurer’s basic accident benefits are “low compared to modern medical and rehabilitation costs” in care-based auto insurance schemes…