Cyber & Fraud

Cyber & FraudEmerging 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.
UK to crack down on fraudulent auto claims

UK to crack down on fraudulent auto claims

The government plans on ending cash compensation for minor whiplash injuries

RISK: U.S. and UK to test how regulators react to a cyber attack in the financial sector

RISK: U.S. and UK to test how regulators react to a cyber attack in the financial sector

The exact date and scenarios have not been set

RISK: Valeant shares plummet on fraud accusations

RISK: Valeant shares plummet on fraud accusations

Accused of making phantom pharmacies to fool auditors

Minnesota insurance fraudsters can be criminally charged

Minnesota insurance fraudsters can be criminally charged

Minnesota insurance fraudsters are going to have to get sneakier. As of August 1, the state Department of Commerce can dole out large civil fines …

Mississippi insurers investigated for shady deals with mechanics

Mississippi insurers investigated for shady deals with mechanics

The cliché is that you drive into a repair shop, and you suspect the mechanic has ripped you off. It’s a whole ‘nother kind of …

Hard drive with personal info on 3.4 million B.C. and Yukon students lost

Hard drive with personal info on 3.4 million B.C. and Yukon students lost

But no sign data has been accessed or used

Ontario constable convicted in auto insurance fraud scheme

Ontario constable convicted in auto insurance fraud scheme

Carlton Watson was charged with 45 counts of fraud, obstruction of justice and breach of trust

The next generation of cyber risks could involve real-world damage: Allianz

The next generation of cyber risks could involve real-world damage: Allianz

Cyber crime currently costs the U.S. $108 billion a year

Stolen medical identities

Stolen medical identities

You’ll cancel your stolen credit cards. If you’ve had your S.I.N. stolen, Service Canada can issue you a new one. But you’ll have a hard …

RISK: Ashley Madison hack may have led to two suicides

RISK: Ashley Madison hack may have led to two suicides

“This hack is one of the largest data breaches in the world.”

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Transcontinental Media G.P.