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Cyber insurance policies gain steam as hacks become more sophisticated

Cyber insurance policies gain steam as hacks become more sophisticated

Feb 25, 2022 | Articles, cyber, insurance, insurance news, Latest Insurance Articles, short term insurance, Short Term Insurance News

An explosion in costly cyberattacks created a rapidly growing niche business: cyber insurance. The industry generated $8 billion in revenue in 2020. The number may grow to $20 billion by 2025. “Seven or eight years ago, this was never discussed,” said Rob...
6 ways to prepare for the next wave of ransomware in 2022

6 ways to prepare for the next wave of ransomware in 2022

Feb 21, 2022 | Articles, cyber, insurance, insurance news, Latest Insurance Articles, short term insurance, Short Term Insurance News

Ransomware as a trend will continue to affect businesses across the world in 2022 – with attack types and tactics from cybercriminals evolving all the time. As attacks get more sophisticated, so do the consequences of falling victim to ransomware and the complexity of...
Beware the ransomware pandemic

Beware the ransomware pandemic

Feb 11, 2022 | Articles, cyber, insurance, insurance news, Latest Insurance Articles, short term insurance, Short Term Insurance News

A report by cyber insurer Allianz Global Corporate & Specialty highlights the surge in ransomware incidents, which could be prevented if companies strengthen their cyber security and controls. During the COVID-19 crisis another outbreak has happened in cyber...
Consumers ‘will feel the impact’ of higher Sasria premiums

Consumers ‘will feel the impact’ of higher Sasria premiums

Feb 4, 2022 | Articles, cyber, insurance, insurance news, Latest Insurance Articles, short term insurance, Short Term Insurance News

Consumers are justifiably concerned about the impact of Eskom’s demand for a 20% tariff increase, but there’s another factor that could contribute to rising inflation this year: significantly higher Sasria rates on commercial vehicles. Sasria announced its 2022 rates...

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