Organizations must focus more on people, not just technology, to combat privacy breaches: lawyer
October 26, 2016 by Angela StelmakowichThe people component of privacy breaches is critically important, demanding greater focus going forward in light of an environment where both related individual and class actions are on the rise, Patrick Hawkins, a partner with Borden Ladner Gervais LLP suggested…
Password breach could have ripple effects well beyond Yahoo
September 27, 2016 Raphael Satter - THE ASSOCIATED PRESSLONDON – As investors and investigators weigh the damage of Yahoo’s massive breach to the internet icon, information security experts worry that the record-breaking haul of password data could be used to open locks up and down the web. While…
Fifth of surveyed U.S. businesses have not done any recent security testing for vulnerabilities
September 15, 2016 by Canadian UnderwriterAbout a fifth of surveyed businesses south of the border admit not having done any security testing for at least six months despite the lion’s share of respondents also reporting their organizations have encountered at least one security issue, notes…
One in three Americans hacked in the past year, new HSB cyber survey finds
September 13, 2016 by Canadian UnderwriterMore than one-third of consumers in the United States experienced a computer virus, hacking incident or other cyberattack in the past 12 months, according to a new survey by Zogby Analytics for The Hartford Steam Boiler Inspection and Insurance Company…
Growth in commercial unmanned aircraft systems, UAS, to bring both benefits, new risks: Allianz
September 13, 2016 by Angela StelmakowichThe use of unmanned aircraft systems (UAS) is set to soar south of the border — expected to triple the number of manned aircraft by year’s end — producing new risks that will require insurers to adopt a new view,…
Commercial insurers in Canada face challenges, opportunities: Kadow
September 12, 2016 Angela Stelmakowich, EditorCALGARY — Current trends around ownership of brokers by insurers is “basically leaving the mid- to large end of the commercial market to fight over,” Ulrich Kadow, chief agent, Canada for Allianz Global Corporate & Specialty Americas (AGCS), said in…
85% of polled companies victims of phishing scams in 2015, a 13% increase from 2014: Wombat Security
September 7, 2016 by Canadian UnderwriterMore than 8 in 10 organizations were victims of phishing scams in 2015, a 13% increase over 2014, according to companies polled recently by Pittsburgh-based information security company Wombat Security Technologies. Wombat Security compiled data from the “millions of phishing…
Social media the most dangerous medium for individual, corporate public image, new Canadian poll finds
August 31, 2016 by Canadian UnderwriterSocial media is the medium most able to cause damage to the public image of an individual or organization, according to the results of a new Nanos Research poll. Toronto-based Signal Leadership Communication Inc. (SLC), a social PR consultancy for…
Transportation Safety Board investigating 12 marine incidents in Canada, attributes some deaths to lack of risk assessments
August 11, 2016 by Canadian UnderwriterThree weeks after it expressed concerns about the “safety culture” in Canada’s fishing community, the Transportation Safety Board of Canada noted Thursday it is investigating 12 marine incidents. TSB reported on Twitter it was investigating the occurrences “from coast to…
Transportation Safety Board of Canada pushes for more hot air balloon safety regulations
August 10, 2016 by Canadian UnderwriterNine years after a hot air balloon accident near Winnipeg, the Transportation Safety Board of Canada suggested Monday it “continues to be concerned” that operators are not regulated in the same manner as operators of other commercial aircraft. “Hot air…
Most companies unprepared for emergence of autonomous vehicles: Munich Re survey
July 19, 2016 by Canadian UnderwriterMost companies are unprepared for the emergence of autonomous vehicles (AVs), with 64% of polled risk managers saying that their companies have done nothing to prepare for the emergence of these vehicles in the auto market, according to a Munich…
Chubb introduces insurance product for private Canadian companies
July 18, 2016 by Canadian UnderwriterChubb Ltd. announced on Monday that it has launched a modular insurance policy designed specifically for Canadian privately owned companies. ForeFront Portfolio addresses the broad range of liability risks faced by Canadian private companies in an increasingly risky and litigious…