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Canada’s data breach reporting law & impact on cyber insurance

How Canada’s data breach reporting law can help brokers sell (and companies purchase) cyber coverage based on facts, not fear Improved cyber risk data arising from breach reporting would give Canadian brokers “the ability to frame the discussion [with clients] in a way that relies less on people’s concerns and fears, and more on some objective quantification of what the risk might look like to an organization,” says Gregory Eskins, national specialties and cyber practice leader for Marsh Canada Limited. How Canada’s data breach reporting law can help brokers sell cyber based on facts, not fear

March 26, 2018 No Comments vanheldenagencies Business Insurance, Cyber Insurance

How do the US and Canada differ in their fight against insurance fraud?

Fraudsters will always find a way to cheat the system. All lines of business are vulnerable to the crime, including insurance, and organizations worldwide face the sometimes cumbersome task of continuously fortifying their operations to keep the tricksters at bay. Some countries are more active in their response to insurance fraud than others, according to Dan Gumpright, product manager, Global Insurance Solutions, BAE Systems Applied Intelligence. The issue is “significant” across North America, but the response mechanisms differ between Canada and the US. More info: https://www.insurancebusinessmag.com/us/news/breaking-news/how-do-the-us-and-canada-differ-in-their-fight-against-insurance-fraud-93954.aspx

March 8, 2018 No Comments vanheldenagencies Uncategorized

Different dimensions of cybercrime.

Cybercrime is defined as a crime in which a computer is the object at the crime checking, phasing, spamming, or is used as a tool to commit an offense Cybercrimes composes a wider range of activities but these can generally be broken into two categories. Crimes that target computer networks or device those types of crimes include viruses and denial of service. Crimes that use computer networks advance other criminal activities. These types of crimes include cybercrime, phasing and fraud or identify theft. . More info on this…. http://www.mondaq.com/canada/x/677494/Security/Cybersecurity+Disclosure+SEC+Publishes+Guidance+for+Public+Companies

March 2, 2018 No Comments vanheldenagencies Uncategorized
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