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.
RISK: FBI putting bounties on cyber criminals’ heads

RISK: FBI putting bounties on cyber criminals’ heads

Countries with whom the U.S. have no formal extradition treaties may be reluctant to turn over hackers for prosecution

Florida police crack down on fake auto insurance cards

Florida police crack down on fake auto insurance cards

Some blame the economic downturn for drivers opting out of buying insurance.

Companies test staff with fake phishing emails

Companies test staff with fake phishing emails

“New employees fall for it all the time”

NY’s Dept. of Financial Services to mandate better cyber security for insurers

NY’s Dept. of Financial Services to mandate better cyber security for insurers

16 percent of surveyed companies don’t audit third-party service providers

RISK: TurboTax halts filings after fraud spike

RISK: TurboTax halts filings after fraud spike

TurboTax doesn’t believe it was victim of cyber attack

RISK: Hackers access Social Security numbers from U.S. health insurer

RISK: Hackers access Social Security numbers from U.S. health insurer

Hackers may return to install malware

RISK: Few countries can defend against cyber attacks

RISK: Few countries can defend against cyber attacks

U.S. and UK to test security through cyber war games

RISK: Mining company transfers $10M to wrong account after cyber attack

RISK: Mining company transfers $10M to wrong account after cyber attack

The money was the first installment in an $18 million contract

Cyberattack! The weight of Extremism falls on… a Quebec town of 2,000…?

Cyberattack! The weight of Extremism falls on… a Quebec town of 2,000…?

Terrasse-Vaudreuil’s website was compromised for 12 hours

ICBC seeks hi-tech solutions for cracking down on fraud

ICBC seeks hi-tech solutions for cracking down on fraud

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