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.
Final count is that 8,000 Canadians, 145.5 million Americans affected by Equifax breach

Final count is that 8,000 Canadians, 145.5 million Americans affected by Equifax breach

The information comes from a completed forensic investigation into impacted customers

Former Equifax chairman apologizes for data breach during Congress testimony

Former Equifax chairman apologizes for data breach during Congress testimony

Hackers accessed information between May and July but customers not notified until September

Aviva enhances identity theft coverage

Aviva enhances identity theft coverage

The insurer has increased its policy limit for all expense claims related to an incident

New Equifax CEO: Sorry for the hack and bad customer service

New Equifax CEO: Sorry for the hack and bad customer service

The company is facing several state and federal inquiries and a myriad of class-action lawsuits

Equifax CEO steps down

Equifax CEO steps down

Richard Smith resigns less than three weeks after massive data breach exposed

Property insurers have role to play in cyber coverage: RIMS Canada Conference

Property insurers have role to play in cyber coverage: RIMS Canada Conference

The cyber market is too new to handle both tangible and intangible losses, said one speaker

“Small number” of RBC credit card holders affected in Equifax breach, bank says

“Small number” of RBC credit card holders affected in Equifax breach, bank says

RBC has yet to identify any impact to clients and is investigating the issue

SEC reveals 2016 hack that breached its filing system

SEC reveals 2016 hack that breached its filing system

Hack may have led to illegal trading in 2016

Equifax Canada says 100,000 Canadians may be affected by cyberattack

Equifax Canada says 100,000 Canadians may be affected by cyberattack

Company plans to notify those affected in writing as soon as possible

Equifax to update Canadians this week

Equifax to update Canadians this week

Company has yet to say how many Canadians were affected by data breach

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