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.
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

A tale of two failed fraudsters

A tale of two failed fraudsters

Lies, investigations and cancelled policies

Business interruption remains top global risk in 2016: AGCS

Business interruption remains top global risk in 2016: AGCS

Fire and explosions are the most common cause of BI worldwide

Manitoba’s top auto frauds in 2015

Manitoba’s top auto frauds in 2015

Investigators noticed hay and dry grass stuffed into one vehicle’s engine

RISK: China develops ranking system for all 1.3 billion citizens

RISK: China develops ranking system for all 1.3 billion citizens

Nobody can opt out

17 percent of SMEs consider themselves too small to be hacked: Zurich

17 percent of SMEs consider themselves too small to be hacked: Zurich

Survey respondents ranked data loss and reputation damage as the biggest cyber risks

UK to crack down on fraudulent auto claims

UK to crack down on fraudulent auto claims

The government plans on ending cash compensation for minor whiplash injuries

RISK: U.S. and UK to test how regulators react to a cyber attack in the financial sector

RISK: U.S. and UK to test how regulators react to a cyber attack in the financial sector

The exact date and scenarios have not been set

RISK: Valeant shares plummet on fraud accusations

RISK: Valeant shares plummet on fraud accusations

Accused of making phantom pharmacies to fool auditors

Minnesota insurance fraudsters can be criminally charged

Minnesota insurance fraudsters can be criminally charged

Minnesota insurance fraudsters are going to have to get sneakier. As of August 1, the state Department of Commerce can dole out large civil fines …

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Transcontinental Media G.P.