Cyber & Fraud

Cyber & FraudEmerging cyber risk offers challenges and new opportunities to brokers and insurers struggling to keep up with the pace and frequency of attacks and finding solutions for clients. On the fraud side, staged accidents and loosely-regulated medical assessment companies have plagued the auto insurance sector in Ontario with millions of dollars in fraudulent claims in recent years.
Take down: Hackers looking to shut down factories for pay

Take down: Hackers looking to shut down factories for pay

Cyber criminals preying on manufacturers’ willingness to pay in order to stay on track with production

Economical brings cyber coverage to market

Economical brings cyber coverage to market

Features include expenses for professional services and access to breach response professionals

B.C. brokers penalized for bridge toll fraud

B.C. brokers penalized for bridge toll fraud

At least three auto insurance brokers in British Columbia have been penalized for helping clients not pay the province’s bridge tolls, according to the Insurance Council …

New cyberattack causes mass disruption globally

New cyberattack causes mass disruption globally

The newly named Petya malware has hit companies in the U.S., Russia and Ukranian government offices

U.S. cyber insurance market passed US$1 billion in 2016

U.S. cyber insurance market passed US$1 billion in 2016

Cyber insurance anticipated to see some of the highest levels of growth in the P&C space

Six ways to protect your brokerage from security breaches

Six ways to protect your brokerage from security breaches

Data encryption and strong passwords are some of the key tools to protecting your devices

Central bank warns of cyberattack vulnerabilities in financial sector

Central bank warns of cyberattack vulnerabilities in financial sector

“The interconnectedness of the financial system could lead to rapid transmission of stress from a cyberattack,” states report

Federal defence plan calls for cyber and drone attacks to meet 21st century threats

Federal defence plan calls for cyber and drone attacks to meet 21st century threats

The military will launch “active cyber operations against potential adversaries,” says review

More than one-third of Canadian companies don’t have cyber insurance: report

More than one-third of Canadian companies don’t have cyber insurance: report

80% of business executives say insurers need to provide more pricing information

Tech and cyber threats are biggest risks for insurers globally: survey

Tech and cyber threats are biggest risks for insurers globally: survey

Technological change, structural change and cyber threats are the biggest risks North American and global insurers face, according to a survey from the CSFI and PwC.
Of the 836 …

Copyright © 2017 Transcontinental Media G.P.
Transcontinental Media G.P.