Cyber Insurance
Risk management for Accountants: protecting facilities and property from damage
Risk management is a prudent practice for all types of businesses. As time goes on, it is essential to re-examine your company’s landscape and compare it with current business practices. It is even more critical for accountants who have access to various sensitive, personal and corporate financial data to conduct a routine risk management check-in. The three biggest liability risks [...]
How Parents Can Help Prevent Cyberbullying
With teens spending as much as nine hours a day online, it’s not surprising to learn that bullying has shifted to the Internet. As common as cyberbullying is, it is rarely reported. More than 50% of all teens have been bullied at least once. More than 25% have experienced bullying on multiple occasions. More than 50% of teens who are [...]
Risk management insight for accounting firms: data security
Accounting is a highly regarded and respected profession. Being a professional Accountant comes with a responsibility to protect data, provide relevant advice, and be accurate in execution. Beyond this, many Accountants who also operate their firm are tasked with ensuring regular business operation. These operations include maintaining their office and equipment, managing the firm’s reputation, being up-to-date on employee practice [...]
Insurance risks of selling online
Has your business started selling products or services online? Resilience, adaptability, and perseverance are three words we would use to describe how business leaders and entrepreneurs have handled these unprecedented times. To survive and thrive in this current state, embracing digital transformation has become critical for many businesses. By pivoting their business delivery channels, many have discovered an opportunity to [...]
What is phishing and how does it work?
Imagine your personal information as the fish and the scammer, the fisherman out to catch the fish of the day. The fisherman has many fishing rods on his boat and is constantly casting them, waiting for someone to bite. Phishing is a method scammers and hackers utilize to lure people into giving up their sensitive and personal information, including passwords, credit [...]
The Digital Privacy Act changes data breach reporting requirements
Is your business prepared for Canada's digital privacy data breach notification rules? What does the cyber risk landscape look like today? We have seen an increase in the number of malicious cyber attacks across the globe, both in severity and size. These cyber events are impacting companies and customers alike. Small and medium-sized businesses are the most common victims of [...]
The Cost of a Data Breach for a Trucking Operation is More Than You Think
The cost of a data breach is going up with Digital Privacy Act amendments The Digital Privacy Act amendments that alter PIPEDA (Personal Information Protection and Electronic Documents Act) came into effect November 1st, 2018. The amendment makes it mandatory for any company that experiences a data breach to report it to the Privacy Commissioner of Canada and any potentially impacted clients, employees and [...]
Cyber Threats: an article by Linda Colgan
Almost daily, it is possible to read something on hackers penetrating personal and commercial businesses to gain access to information that benefits the avails of crime. No one is above being vulnerable. It’s not only bank accounts or credit cards these criminals want; its identity as well. The evidence is clear cyber threats are here, and it’s not only through [...]
Cyber Risks are Serious for Business Owners
The Risk of Cyber is Real and Costly! Effective use of internet technology can enhance customer experience, improve organizational efficiency, and create great cost-saving opportunities. Along with all these benefits comes an ever-increasing risk of being the victim of cybercrime. Hackers are breaking the systems for profit. Before, it was about intellectual curiosity and pursuit of knowledge and thrill, and [...]
Cyber Threats for the Trucking Industry
Cyber risk through a virus, spam, malware, data breach, and extortion ranks amongst the predominant exposures crippling operations. The entry of ill-intended individuals into computer systems has evolved as systems and firewalls become more complex. At one-time risk, management considered the replacement of hardware and focused on the air-cooled terminal hosted rooms when it referenced computer exposures. Risk management still focuses [...]