Cyber

Ottawa’s CRA breach payout closes one case, but AI is making the same old tricks more dangerous

Ottawa’s CRA breach payout closes one case, but AI is making the same old tricks more dangerous

A six-year legal battle ended in an $8.76 million payout – but the attack that caused it was surprisingly low-tech

Branislav Urosevic May 08, 2026
Ottawa agrees to $8.7M settlement over CRA-related data breach

Ottawa agrees to $8.7M settlement over CRA-related data breach

According to court documents, roughly 47,000 government accounts were infiltrated in the early months of the pandemic

Insurers warned over ‘invisible’ accumulation risk in hyperscale data centers

Insurers warned over ‘invisible’ accumulation risk in hyperscale data centers

S&P Global Ratings’ Patricia Kwan and Charles Marie Delpuech say insurers may be unknowingly stacking exposure across policies and treaties as hyperscale data centres multiply

Allianz transfers global commercial cyber portfolio to Coalition

Allianz transfers global commercial cyber portfolio to Coalition

Customers will enjoy fewer cyber incidents, it is claimed

SMEs aren’t the problem in cyber uptake – the market is, says CFC cyber chief

SMEs aren’t the problem in cyber uptake – the market is, says CFC cyber chief

Maher estimates that only 10–15% of Canadian companies get standalone cyber cover, compared with 30–40% in the US

Data centre boom leaves hyperscalers self insuring billions, S&P says

Data centre boom leaves hyperscalers self insuring billions, S&P says

Hyperscale data centres are driving huge insurance growth expectations – but much of the risk is still being kept on tech firms’ own balance sheets

What the Canada Life hack means for the industry – and what insurers are getting wrong

What the Canada Life hack means for the industry – and what insurers are getting wrong

Many employees at the world’s largest insurance companies still rely on repeated, basic passwords or easy-to-phish MFA for high-value apps

CFC pilots agentic AI system that underwrites in seconds

CFC pilots agentic AI system that underwrites in seconds

London firm is testing AI on live cyber business, marking what it calls a first for the industry

SMB cyber attacks now 'new normal' as confidence climbs: Report

SMB cyber attacks now 'new normal' as confidence climbs: Report

US and Canadian small businesses feel confident in their cyber defenses

IB TALK

Global turbulence is reshaping climate risk for Canadian businesses

Aon’s Daniel Ocampo explains how sustainability, global risks and energy transition are reshaping insurance capacity, pricing and strategy for Canadian businesses today

In 2026, SMEs face evolving risks and opportunities and need the right broker to navigate them

WTW's Grant Williamson shares key insights for SMEs on managing cyber, supply chain and emerging risks

Why interconnected threats are reshaping complex risk strategy in Canada

Climate, cyber and supply chain shocks are colliding, forcing Canadian firms to rethink how they understand and structure risk

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