Insurance Business Magazine (2/20/2019)
Tax season is no time to let your guard down against cyber crime. Every year, the stressful build-up to tax filing deadline day (April 30, 2019, for individuals; June 30, 2019, for businesses) turns into a feeding frenzy for cyber crooks trying to scam people into dishing up their personally sensitive data – and 2019 will be no different. One of the biggest risks Canadian businesses face during tax season is social engineering.

New York Law Journal (2/20/2019)
With a holistic approach to security and compliance incorporating the unique challenges of IoT, companies can develop and deploy IoT technologies in a way that delivers on the promise of IoT, while mitigating potential cyber risks and exposures.

Property Casualty 360 (2/11/2019)
The growth of the global economy has led to a rising concern among the public, media, businesses and politicians about environmental damage and its effects. When human activity causes damage to the environment, protection is needed for nature and health. Companies bear environmental risks and can be held liable for damage, even when not acting negligently.

Nextgov (2/19/2019)
Among the financial regulator’s biggest challenges, IT modernization and cybersecurity topped the list. The Federal Deposit Insurance Corporation could solve its top three most pressing challenges by addressing issues with its oversight of cybersecurity and emerging technologies, according to a report from the agency’s inspector general.

Intelligent Insurer (2/18/2019)
The growth of the 'internet of things' (IoT) and the rollout of 5G will make businesses more vulnerable to cyber attacks this year, Aon has warned in its 2019 Cyber Security Risk Report: "What's Now and What's Next." It found that the rise in IoT devices used for work, such as digital assistants, cloud enabled entry keys and smart thermostat apps, is already resulting in security breaches.

Risk Management Magazine (2/4/2019)
States vary widely in the extent to which they credit policyholders’ claims of bad faith in suits alleging wrongful conduct on the part of their insurance companies. In states that look with comparative favor on such claims, the threat of punitive damages or attorneys’ fees gives policyholders vital leverage in insurance coverage disputes. As with many insurance coverage flashpoints, this issue is ground out state by state, and in some periods the wind blows decisively in one direction.

The Hill (2/20/2019)
In the summer of 2017, the Russian government implanted malware in a commercial accounting software called M.E. Doc, used by the majority of Ukrainians to file their taxes. The malware known as NotPetya spread quickly throughout Ukraine. But what began as targeted attack against a regional rival soon morphed into a global campaign that wreaked havoc on dozens of companies around the world.

American Banker (2/15/2019)
Banking regulators have identified a range of operational shortcomings at USAA Federal Savings Bank, criticizing its risk management program, its systems for complying with various laws and regulations, and its information security efforts. In an agreement that was made public Friday, the Office of the Comptroller of the Currency ordered the San Antonio bank to develop plans to remedy the alleged failures.

ZDNet (2/15/2019)
The cyberthreat landscape continues to evolve, with new threats emerging almost daily. The ability to track and prepare to face these threats can help security and risk management leaders improve their organization's resilience and better support business goals.

On February 28, Jonathan Wood, Director at Control Risks, will discuss the top five risks for global business in the year ahead. He will strive to clarify a world that is transitioning to a new order, and discuss how the challenges that global organizations face today come with tremendous opportunities for those able to apply a new mindset to risk management. This webinar is free for members.

Listen to our new RIMScast episode with the CEO and founder of EverEdge, Paul Adams as he discusses intangible assets and intangible risks. During this episode, Mr. Adams will address what percentage of a company’s value does intangible assets make up and whether there is a correlation between the loss of intangible assets and tangible assets. He will also review the top five intangible asset risks that most companies face as well as the biggest intangible risks for the next few years.