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 threats increasing, but corporate security investment isn’t

Cyber threats increasing, but corporate security investment isn’t

A new FICO survey finds Canadian companies aren’t keeping up with cyber breaches

WannaCry cyber attack could result in economic loss of US$8 billion

WannaCry cyber attack could result in economic loss of US$8 billion

Insurers’ exposure to losses tempered by fact that many are still cautious in providing cyber coverage, says A.M. Best

Five ways to become a smaller target for ransomware hackers

Five ways to become a smaller target for ransomware hackers

Creating file backups and educating your team on being cyber-savvy are important

“We were lucky”: massive cyberextortion attack could have affected Canada

“We were lucky”: massive cyberextortion attack could have affected Canada

The “WannaCry” attack disrupted services in Russia, the U.K., Ukraine, Spain and India

A Nose for Fraud

A Nose for Fraud

It’s up to insurance companies to leverage data analytics to fight auto insurance fraud, and up to brokers to help “sniff out” the perpetrators…

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 …

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Transcontinental Media G.P.