11:21 AM EDT, 10/02/2024 (MT Newswires) -- Intact Financial ( IFCZF ) on Wednesday it is investing $2.25 million over five years to support the creation of the Intact Cybersecurity Hub at the Universite de Sherbrooke in Quebec.

"As Canada's largest property and casualty insurer, the increasing threats that cyber represents for families and businesses is top of mind for us," says Patrick Barbeau, Intact's chief operating officer. "We know that to tackle this issue we need a collaborative approach to gain a deeper understanding of emerging cybersecurity risks and to invest in meaningful solutions."

The Intact Cybersecurity Hub will focus on three main pillars: research, training and knowledge-sharing with Canadians through a public hub.

Intact was last seen up $3.58 to $264.58 on the Toronto Stock Exchange.

Price: 264.31, Change: +3.31, Percent Change: +1.27