Cyber & Fraud | Canadian Insurance
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Cyber & Fraud

Cyber & Fraud Emerging 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.
Small businesses vulnerable to cyberattacks, then don’t act

Small businesses vulnerable to cyberattacks, then don’t act

Survey finds 47% of small businesses were targeted last year

Worldwide cyber premiums will be worth US$4 billion by 2021: Aon

Worldwide cyber premiums will be worth US$4 billion by 2021: Aon

Cyber premiums grew by 23% over the past five years

Man-made risks pose greater threat to cities than natural disasters: Lloyd’s

Man-made risks pose greater threat to cities than natural disasters: Lloyd’s

Market crashes, interstate conflicts and cyber crime are the biggest risks

Chubb to roll out personal cyber coverage in Canada

Chubb to roll out personal cyber coverage in Canada

Masterpiece Cyber Protection will be offered as a supplement to Masterpiece Homeowners policy

Bank breaches highlight rise of cyber threats as new exploitation strategies emerge

Bank breaches highlight rise of cyber threats as new exploitation strategies emerge

Data from up to 90,000 clients may have been stolen in attack on BMO, Simplii

BMO and CIBC’s Simplii warn fraudsters may have accessed clients’ data

BMO and CIBC’s Simplii warn fraudsters may have accessed clients’ data

Up to 90,000 customers may have been affected

CIBC’s Simplii says fraudsters may have accessed data of 40,000 clients

CIBC’s Simplii says fraudsters may have accessed data of 40,000 clients

Simplii says victims of fraud will receive 100% of the money lost

Majority of Canadian CEOs feel “very well prepared” for cyberattack: KPMG

Majority of Canadian CEOs feel “very well prepared” for cyberattack: KPMG

Only 26% of CEOs globally feel as confident

New MGA launches cyber offering

New MGA launches cyber offering

Cyberboxx is available exclusively through brokers

Aon, DLA Piper review insurability of GDPR fines

Aon, DLA Piper review insurability of GDPR fines

Fines are insurable in only two of the 30 countries reviewed