Cyber Update
Fraudulent funds transfer is the method edging out ransomware when it comes to cyber claims frequency. Ransomware still peaks for severity.
By Alyssa DiSabatino | September 27, 2023
3 min read
Preventing human error in cyber security means creating a workplace culture where employees are comfortable raising their security concerns.
By Alyssa DiSabatino | September 26, 2023
Canada is the third most affected country in the world for successful ransomware-as-a-service and extortion attacks in 2003 1H.
By Jason Contant | September 25, 2023
2 min read
Despite the myriad ways brokers might find themselves vulnerable, there are steps they can take to up their data security.
By Alyssa DiSabatino | September 21, 2023
Ransomware claims have transferred mostly from third-party liability claims into first-party liability claims.
By Jason Contant | September 20, 2023
It's been hard for commercial clients to get cyber coverage for more than three years but the market is softening for security savvy firms
By Phil Porado | September 11, 2023
The insurance sector in Canada amounted to only 1% of victims, according to the report Baseline cyber threat assessment: Cybercrime.
By Jason Contant | August 31, 2023
Canadian companies are still paying nearly CA$7 million in data breach costs, the third highest in the world, according to IBM.
By Alyssa DiSabatino | August 10, 2023
The U.S. White House has floated the idea of a total ban on ransomware payments, a move that could change the role of a company’s CSIO.
By David Gambrill | August 8, 2023
Following a cyber risk incident, shareholder value decreased by an average 9% for companies in the year following the event.
By Alyssa DiSabatino | August 2, 2023
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