General Motors (GM) Canada announced on Friday an expansion of its engineering and software work in the country to support the development of “innovative new automotive systems and technologies for the future.” GM said in a press release that it will expand its Canadian base to reach a total of approximately 1,000 positions over the […]
By Canadian Underwriter | June 10, 2016
2 min read
The Region of Waterloo in Ontario announced earlier this week that a new taxi bylaw, set to be implemented in October, will include “consistent insurance requirements for traditional and non-traditional taxis.” The bylaw will also include new licensing ratios and limits; a “fair and flexible rate structure for both traditional taxis and app based companies”; […]
By Canadian Underwriter | June 10, 2016
2 min read
United Kingdom-based Pen Test Partners LLP said recently that it has hacked into a Mitsubishi Outlander plug-in hybrid electric vehicle (PHEV) through a mobile app. Pen Test Partners said in a blog post on June 5 that while most remote control apps for locating a vehicle, locking it remotely, etc. work using a web service […]
By Canadian Underwriter | June 9, 2016
2 min read
The increased adoption of cloud-based services among enterprises is the primary driver for growth in the global critical infrastructure protection market, according to global market research company Technavio. Research analysts at Technavio predicted on Wednesday that the global critical infrastructure protection market – which includes technology (cyber and physical security) and physical security (software, alarms […]
By Canadian Underwriter | June 9, 2016
2 min read
Driving while talking on a hands-free phone can be as distracting as talking on a hand-held mobile, according to a study from researchers at the University of Sussex in the United Kingdom. The study, titled Imagery-inducing distraction leads to cognitive tunnelling and deteriorated driving performance and published in the Transportation Research journal, found that drivers […]
By Canadian Underwriter | June 8, 2016
3 min read
Two-thirds of respondents to a global study commissioned by technology and innovation company Raytheon have indicated that not until there is a “significant data loss” from an IT security breach are their organizations motivated to engage a vendor. Don’t Wait: The Evolution of Proactive Threat Hunting, released on Monday, found that organizations worldwide wait until […]
By Canadian Underwriter | June 8, 2016
3 min read
Global autonomous vehicle sales will reach nearly 21 million by 2035, a substantial increase from previous estimates, according to the latest forecast from IHS Automotive. Released on Tuesday, the forecast is a major increase from previous estimates and is influenced by recent research and development by automotive original equipment manufacturers (OEMs), and supplier and technology […]
By Canadian Underwriter | June 7, 2016
4 min read
Chief information officers (CIOs) and other executives in financial services must be able to identify the imminent threats and opportunities that will be affecting their operating model, human capital approach, ability to innovate and ability to execute, notes a new report from PricewaterhouseCoopers (PwC). Facing unprecedented disruption, it is vital that CIOs and executives are […]
By Canadian Underwriter | June 7, 2016
3 min read
Sixty per cent of digital businesses will suffer major service failures by 2020 due to the inability of IT security teams to manage digital risk, according to a special report from Gartner, Inc., an information technology research and advisory company. As organizations transition to digital business, a lack of directly owned infrastructure and services outside […]
By Canadian Underwriter | June 6, 2016
3 min read
Chubb announced on Thursday that it has added cyberbullying coverage to its Canadian Masterpiece Family Protection policy to help cover clients and their families from the expenses associated with such an incident. Paul Johnstone, senior vice president of Chubb Personal Risk Services Canada, noted in a statement that technology is an integral part of many […]
By Canadian Underwriter | June 2, 2016
2 min read