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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.
Cyber attacks shifting to extortion, SMEs a target

Cyber attacks shifting to extortion, SMEs a target

Cyber attackers have a new way of operating.
Attackers used to target organizations rich in data that could be sold to others but they now focus …

What your clients are reading now

What your clients are reading now

Cyber security, an Aboriginal insurer partnership and autonomous cars were in the news this week.

Insurers’ cyber breach mitigation strategies may destroy evidence: Toronto Police

Insurers’ cyber breach mitigation strategies may destroy evidence: Toronto Police

Insurers are “too afraid” to involve police in cyber breaches, delegates heard last week at the International Cyber Risk Management Conference, held in Toronto.
Speaking during …

What your clients are reading now

What your clients are reading now

Fraud, melting glaciers and aging dams made news this week.

Canadian firms in denial about fraud: survey

Canadian firms in denial about fraud: survey

Half of Canadian businesses know or suspect they experienced fraud in the last year.

ICBC launches auto insurance fraud education campaign

ICBC launches auto insurance fraud education campaign

The corporation is now reminding British Columbians, through a new advertising campaign, of the serious nature and cost of insurance fraud.

What your clients are reading now

What your clients are reading now

Cyber security, water sensors, and AIG’s announcement made news this week.

Only 43% of Canadian firms could detect a sophisticated cyber-attack

Only 43% of Canadian firms could detect a sophisticated cyber-attack

EY survey shows most companies don’t know the financial impact of breaches.

Pen Underwriting launches comprehensive cyber insurance product

Pen Underwriting launches comprehensive cyber insurance product

Specialist cyber product is designed for small to medium sized corporations and safeguards customers against the main aspects of a cyber breach.

IBM’s famed Watson computer ‘gets a job’ fighting cybercrime threat

IBM’s famed Watson computer ‘gets a job’ fighting cybercrime threat

A year after IBM began teaching its Watson computer system to fight cybercrime, the company is making the platform available for use.
“Now he gets a …

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