Help small business clients deter cyberattacks
October 3, 2023 Jason ContantWhen it comes to cybersecurity in 2023, employees are usually the weakest link, ethical hackers told Canadian Underwriter. This is especially true for smaller businesses, which often have no visibility into their corporate networks, little or no budget for cybersecurity,…
Phishing experiment nets insurance and finance industries
December 9, 2021 Canadian Underwriter StaffMore than a quarter of finance and insurance professionals took the bait when a phishing email hit their inboxes, said a study from a Laval, Que.-headquartered security awareness training firm. For users across all industries surveyed, nearly one in five…
When phishing links are dangled before insurance professionals, do they go for the bait?
December 10, 2020 by Jason ContantThere’s good news and bad news when it comes to insurance industry employees clicking on phishing email links, according to a recent study from a Laval, Que.-headquartered security awareness training firm. The good news is that global “finance & insurance”…
Insurer CFOs share personal experiences dealing with cybercriminals
December 1, 2020 by Jason ContantAbout two years ago, Northbridge Financial Corporation’s chief financial officer Craig Pinnock received an email purportedly from Northbridge CEO Silvy Wright requesting help with a wire transfer. “Silvy’s name’s there, Silvy’s signature, so I fire back quickly, ‘Sure, no problem.…
$5-million cyber claim for phishing scam heads to top court
November 30, 2020 by Greg MeckbachA $5-million coverage dispute with The Co-operators that arose from a phishing attack is headed to the Supreme Court of Canada. Canada’s top court is booked Dec. 7 to hear arguments in Co-operators General Insurance Company v. Sollio Groupe Coopératif.…
These behaviours raise your client’s cyber risk
June 28, 2019 by Greg MeckbachDo your clients know how often their workers click on links they receive in emails that should have been flagged as suspicious? “I wouldn’t find it unreasonable for an insurer to ask questions about phishing click-through rates,” Srinath Sampath, senior…
Cyber attack in Canada spawns $60 million lawsuit
March 29, 2019 By Colin Perkel - THE CANADIAN PRESSTORONTO – As many as 200,000 people may have had their personal information stolen in a hack on servers at one of Ontario’s most popular casinos, a lawyer for the plaintiffs pressing a proposed class action argued on Thursday. However,…
Companies must focus on managing cyber attacks, not eliminating them
December 11, 2017 David Hodges – THE CANADIAN PRESSCompanies trying to stay ahead of the increasing threat of cyberattacks need to be cognizant of one simple fact: there is no perfect antidote or turnkey solution against criminals bent on breaching their systems. “Everyone is hacking into everything,” said…