One of Canada’s largest retailers, Canadian Tire, recently reported a data breach affecting customers who made online purchases through its e-commerce platforms, says the Canadian Underwriter. On Oct. 2, the retailer discovered unauthorized access to a database containing customer information from Canadian Tire, SportChek, Mark’s/L’Équipeur, and Party City accounts. The exposed data includes names, addresses,…
In August, the Insurance Bureau of Canada (IBC) conducted a survey among 317 small- and medium-sized business owners or decision-makers. The respondents were from businesses with fewer than 500 employees and revealed that 65% of respondents are concerned that artificial intelligence (AI) and other new technologies will make it harder to defend against cyber risks.…
In honour of the annual Cyber Security Awareness Month, (which happens to always be October), the Insurance Bureau of Canada (IBC) recently published the results of its 2023 Cyber Security Survey, and the results were somewhat surprising for those of us in the insurance business. Over 60% of small business owners believe their company is…
The Insurance Bureau of Canada (IBC) is recognizing Cyber Security Month by providing a number of resources to individuals and businesses to help keep themselves cyber-safe. The COVID-19 pandemic has resulted in an increase in cyber-attacks, as more and more business is being conducted online while people do their best to stay home and away…
One of the newest forms of protection you can purchase for yourself and/or your business is cyber insurance — a type of coverage that protects business owners and self-employed individuals from a unique and ever-growing set of online threats. Cyber attacks are constant threats for everyone online, and we all have to be extremely cautious…
In the workplace, there’s a growing trend towards telecommuting, with more and more people working from home on a part-time or full-time basis. While the freedom and flexibility are hard to beat, working from home also exposes you to risks that you wouldn’t face in a traditional working environment. To help home-based workers protect themselves,…