Insurance is complicated, to put it mildly. As new risks develop, insurance companies create coverage to protect businesses from those risks.
Data is incredibly important to insurance companies - they are, after all, in the business of being profitable (just like any for-profit company). They want to offer enough coverage at a low enough premium that business owners and individuals are tempted to buy it, but not so much coverage or such low premiums that they end up losing money.
On October 30th, 2021, a cyberattack which targeted Newfoundland and Labrador’s MEDITECH system took place. This cyberattack was incredibly severe. Patient data, including names, social insurance numbers, addresses, and more were stolen.
Over a month after the attack took place, the government of N.L. was still being cautious about details regarding the attack.
WINNIPEG, Canada – The past 2 years have put a strain on Manitoba businesses. To recover from financial losses, many business owners want to invest in upgrading their security systems and technology. Unfortunately, they often lack the resources to do so.
When the world changes, your business needs to change with it. But adapting to the digital world comes at no small cost. The Digital Manitoba Initiative is here to help.
Even though you want to improve the security of your network, migrate to the cloud, or upgrade your servers, affording those upgrades is a significant hurdle.
Insurance costs money. Whether you’re getting home insurance, business insurance, or any other kind of insurance - the house always wins. If insurance companies weren’t making money off of policies, they’d go out of business. That means that, when you get insurance, you’re almost certainly going to pay more into the policy then you’re going to get out of it.
Cybersecurity is a complex topic and we want to make it easier for you to understand. In light of that, we’re going to look at who the cybercriminals that threaten your business are, why they engage in cybercrime, and how you can stop them.
Who poses a threat to cybersecurity?
Cybersecurity is complicated, and the entities who work to threaten cybersecurity (called cyber threat actors) have a vested interest in remaining anonymous.
