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: 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.”

RISK: Hacker ring accused of making $100M on the stock market from stolen press releases

RISK: Hacker ring accused of making $100M on the stock market from stolen press releases

The indicted include two people described as Ukrainian computer hackers and six stock traders

RISK: UK cell phone company says cyber breach may have hit 2.4M clients

RISK: UK cell phone company says cyber breach may have hit 2.4M clients

90,000 customers may also have had their encrypted credit card information accessed

RISK: Canadian Ponzi schemers sentenced to 12 years

RISK: Canadian Ponzi schemers sentenced to 12 years

More than 2,400 investors from around the world lost between $100 million to $400 million

Hackers break into the Public Service Labour Relations and Employment Board

Hackers break into the Public Service Labour Relations and Employment Board

It’s not known how long the hackers were in the system

UPDATE: Hackers threaten to release Ashley Madison user info unless site is shut down

UPDATE: Hackers threaten to release Ashley Madison user info unless site is shut down

The dating website for married people claims to have more than 37M members worldwide

RISK: Hackers breached U.S. government systems, stole 21.5 million social security numbers

RISK: Hackers breached U.S. government systems, stole 21.5 million social security numbers

There is no evidence the stolen data has been used

RISK: Surveillance company loses control of spy software after cyber breach

RISK: Surveillance company loses control of spy software after cyber breach

Software maker Adobe says it hopes to patch the bug later Wednesday.

RISK: U.S. military equipment to help NATO allies guard against terror threats

RISK: U.S. military equipment to help NATO allies guard against terror threats

Americans will also help develop cyber defence strategies

RISK: Rich countries vulnerable to cyberattacks, poor countries to terror threats

RISK: Rich countries vulnerable to cyberattacks, poor countries to terror threats

Countries with the greatest cyber risks are South Korea, U.S., UK

Copyright © 2017 Transcontinental Media G.P.
Transcontinental Media G.P.