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: ISIS-linked hackers cut transmission to French TV network

RISK: ISIS-linked hackers cut transmission to French TV network

“They have to erase everything. There were at least three other encrypted viruses.”

Florida broker arrested for selling fake policies to veterans’ families

Florida broker arrested for selling fake policies to veterans’ families

Patrice Sands faces up to 25 years in prison

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

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