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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.
What your clients are reading now

What your clients are reading now

It was a week that focused on risk.

2017 trading conditions may become the ‘new normal’ in insurance industry

2017 trading conditions may become the ‘new normal’ in insurance industry

Low oil prices, cost control pressures, workforce layoffs, onerous legislation/regulation and the escalating risk of cyber-attacks the new normal.

CFC Underwriting revamps its cyber insurance product

CFC Underwriting revamps its cyber insurance product

The product is designed to be an “all-encompassing cyber incident solution,” according to CFC’s cyber product leader

McDonald’s Canada says info of 95,000 job applicants compromised

McDonald’s Canada says info of 95,000 job applicants compromised

The company said Friday the accessed information included names, addresses, phone numbers, employment histories and other standard job application information.

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.

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