IBC urges businesses to confront cyber risk gap - Insurance Business

The federal government is looking to build a 60 MW data centre in Ottawa for Canda’s cyber spy agency. CTV’s Stefan Keyes reports. The federal government is looking to build a data centre in the national capital region to support Canada’s cyber spy agency, saying it will focus on the “mid to long-term objectives” of government operations, security and technology. Defence Construction Canada issued an advance procurement notice for the data centre last week, saying it is informing “design-builders of an upcoming contract located” in the Ottawa area. The estimated cost of the project is $1.5 billion to $1.8 billion, with the tender expected to be issued in 2027. “To increase its capacity in supporting the mid to long-term objectives related to operations, security, and technology modernization, the Government of Canada is planning to design and construction a data centre facility within the national capital region,” said the notice issued on the federal government’s website.

Cyber Proactive Response update also stretches the business interruption indemnity period to 18 months CFC has updated its Cyber Proactive Response (CPR) policy to cover senior executives personally targeted in cyberattacks, add affirmative wording for AI-related exposures and extend the business interruption indemnity period from 12 to 18 months.