Cyber Insurance

Phishing Scams: Easy Tips To Avoid Them

Phishing Scams: Easy Tips To Avoid Them

Phishing Scams: Easy Tips To Avoid Them Phishing emails are built on a simple premise. Hackers access sensitive information – the kind of information that only the victims would know – and then use this to convincingly impersonate a company’s CEO or other internal employee, client, customer, or supplier. These emails usually fall into two categories: those targeting data or those targeting money. The trouble is that phishing scams can look amazingly genuine because they often incorporate real information. Although you might not be able to spot them at first, the good news is that a little extra vigilance will go a long way in preventing the hackers from getting what they want. DATA Whenever you receive a request to transfer sensitive data, it’s a good idea to first verify the authenticity of the request by speaking to the sender…read more →

What Your Business Can Learn From The Equifax Data Breach

What Your Business Can Learn From The Equifax Data Breach

The Equifax hack exposed the personally identifiable information of 143 million people , including 100,000 Canadians, and has created a tremendous ethical, public relations, and legal dilemma for the company. Stakeholders are looking for information to understand what happened. The key question: How was the Equifax data compromised? The cost of the Equifax breach is likely to be greater than the Target breach. A class action lawsuit has already been filed that seeks as much as $70 billion in damages. While the Equifax infrastructure is likely smaller than Target’s, the financial exposure is greater. Marketing, security, and disaster recovery professionals will be analyzing Equifax’s initial response as a case of what not to do. However, business owners need to focus on how not to become another Equifax. Any minimally capable security program considers that protection will fail, so detection is as important, if not…read more →

Canadians Among Those Affected by Equifax Data Breach

Canadians Among Those Affected by Equifax Data Breach

Equifax, one of the largest credit reporting agencies in the United States, was recently the victim of a massive cyber attack—an attack that may have compromised the personal information of 143 million people – including 100,000 Canadians. Impacted individuals were not simply limited to the United States either, as the hackers gained unauthorized access to personal information of approximately 100,000 Canadian residents. Initial reports suggest 209,000 credit card numbers were stolen in the attack, some of which belong to international customers. The breach itself occurred between mid-May and July 2017 when cyber criminals gained access to sensitive data by exploiting a weak point in website software. In the United States, sensitive information like Social Security numbers, birthdays, addresses and driver’s licence numbers were compromised. The recent attack on Equifax is the third major cyber security threat the organization has experienced…read more →

Just 1 Ransomware Attack Can Cost A Company Thousands!

Just 1 Ransomware Attack Can Cost A Company Thousands!

The incidents of ransomware in Canada are rising at an alarming rate. In 2015, Canadians were affected by 1,600 ransomware attacks a day. By September 2016, the number of attacks nearly doubled, and those are only the known cases. Unfortunately, many incidents still go unreported. Businesses of all sizes have become targets of ransomware, as it can infect not only personal computers, but also entire networks and servers. What is Ransomware? Ransomware is malicious software that infects a computer and denies access to the system or data, and demands a sum of money to restore the information. Presently, the most common forms of ransomware will encrypt data. Victims often receive an onscreen alert stating their files have been encrypted or a similar message, depending on the type of ransomware. The message on the lock screen may even claim to come…read more →

Cyber Liability Insurance: Does my business need it? Your questions answered!

Cyber Liability Insurance: Does my business need it? Your questions answered!

What is Cyber Liability Insurance? Cyber-insurance is an insurance product used to protect businesses and individual users from Internet-based risks, and more generally from risks relating to information technology infrastructure and activities. Despite the fact that data breaches can impact any business at any time, for many of our clients, cyber liability is a brand new concept—and they’re not alone. We ask clients to consider some of the following questions when determining whether their business is at risk: How many records containing personal information does your organization retain or have access to? Do all portable media and computing devices need to be encrypted? Could you make a claim if you were not able to detect an intrusion until several months or years had elapsed? Click here to take our online Cyber Risk Exposure Survey in under 5 minutes!   But…read more →

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