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Why companies say ‘No’ to cybercriminals’ ransom demands Why companies say ‘No’ to cybercriminals’ ransom demands Image

Cyber Update

Why companies say ‘No’ to cybercriminals’ ransom demands

Canadian companies aren't taking a militant approach to refusing ransomware payments to cybercriminals but more are saying 'No'.

By David Gambrill | November 13, 2024

4 min read

Why cyberattacks against your clients doubled over four years Why cyberattacks against your clients doubled over four years Image

Cyber Update

Why cyberattacks against your clients doubled over four years

By the time 2024 wraps up, disruptive and destructive global cyberattacks this year will tally 211—a 105% increase in the past four years.

By Alyssa DiSabatino | November 11, 2024

3 min read

Cyber insurance rates ease, but can insurers keep up with AI risks and protection gaps? Cyber insurance rates ease, but can insurers keep up with AI risks and protection gaps? Image

Cyber Update

Cyber insurance rates ease, but can insurers keep up with AI risks and protection gaps?

Cyber rates are moderating, even softening, from their historic highs seen in previous years. Yet, a growing protection gap, lack of diversification and increased sophistication in artificial intelligence (AI) attacks could halt the market yet, an AM Best expert shared during the rating agency’s Canada Market Briefing.   “Now insurance companies are so comfortable to […]

By Alyssa DiSabatino | November 8, 2024

2 min read

Canadian IT clients aren’t taking AI cybersecurity concerns seriously, report finds Canadian IT clients aren’t taking AI cybersecurity concerns seriously, report finds Image

Cyber Update

Canadian IT clients aren’t taking AI cybersecurity concerns seriously, report finds

Brokers beware: Canadian IT professionals are more hesitant to implement AI into their cybersecurity plans than the rest of the globe, finds new survey results.  

By Alyssa DiSabatino | October 29, 2024

2 min read