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.
Canadian consumers unconcerned with data privacy, despite growing cyberattacks, security breaches: Deloitte

Canadian consumers unconcerned with data privacy, despite growing cyberattacks, security breaches: Deloitte

Despite increasing cyber-attacks and security breaches, the majority of Canadian consumers (73 per cent) are not concerned with their data privacy on a day-to-day basis, …

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

“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…

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

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 …

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

Preparing for catastrophes, flooding, and cyber risks.

Big or small, no one is immune to the threat of cyber attacks

Big or small, no one is immune to the threat of cyber attacks

And so we were greeted several weeks ago with the delightful disclosure from Yahoo that as many as 500 million accounts had been impacted by …

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Transcontinental Media G.P.