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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.
Aviva UK detected 3,000 crash for cash claims in 2015

Aviva UK detected 3,000 crash for cash claims in 2015

Staged accidents dropped 40 percent; induced accidents fell just two percent

When missing jewelry reappears

When missing jewelry reappears

“Give either the item or the money back.”

RISK: U.S. to announce charges for 2013 cyberattack on NY dam

RISK: U.S. to announce charges for 2013 cyberattack on NY dam

The attack has been linked to Iran

The doctors are not in: two Toronto surgeons face fraud charges

The doctors are not in: two Toronto surgeons face fraud charges

They allegedly billed for surgeries at which they were not present

Three charged with fraud after Aviva investigation

Three charged with fraud after Aviva investigation

“If you want to have a good settlement in a year from now, you need to work on it.”

RISK: Turkish man pleads guilty to leading three global cyberattacks

RISK: Turkish man pleads guilty to leading three global cyberattacks

“There is no such thing as anonymity in the cyber world.”

The Ontario budget and auto insurance

The Ontario budget and auto insurance

New special focus on serious auto fraud

RISK: A third of Canadian companies are economic crime victims: PwC

RISK: A third of Canadian companies are economic crime victims: PwC

Half of internal fraudsters come from middle and senior management

Marsh expects insurers to stay shy over mining, oil and gas

Marsh expects insurers to stay shy over mining, oil and gas

Says the Canadian market will stay competitive and flexible

L.A. hospital pays thousands to end ransomware attack

L.A. hospital pays thousands to end ransomware attack

Paid up 40 bitcoins or about $17,000

Transcontinental Media G.P.