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The role of human error in cybersecurity breach
According to a study by IBM, 95% of cyber security breaches result from human error. Even though humans make mistakes, this mistake is so overwhelming in cybersecurity that 19 out of 20 cyber breaches result from human error. Another report indicated that human error...
Lloyd’s Insurers Must Exclude State-Backed Cyber-Attacks to Avoid Systemic Risks
Lloyd’s insurers must exclude state-backed cyber-attacks in standalone (or affirmative) cyber policies, according to a Lloyd’s market bulletin issued this week. The exclusion would include liability for losses arising from both war- and non-war-related state-backed...
Climate Change, Insurance Change
hange is the constant companion of the global insurance market. While geared for risk-mitigation, the omnipresent threat of the unanticipated catastrophe due to climate change demands a shift in the insurance outlook to account for its place in a world with a new set...
Cybercriminals eye South African SMEs lack of security
Steve Flynn, sales and marketing director of ESET South Africa, says South African small businesses are particularly vulnerable to cyberattacks. Why? Business owners aren’t taking the necessary precautions to protect their digital assets, often with dire financial...
Cybersecurity best practices – how should companies respond to a cyberattack?
Businesses have seen a massive spike in cyberattacks since the pandemic began, with weekly numbers reaching an all-time by the end of last year, the latest report from cyber intelligence firm Check Point Research has revealed. Globally, the volume of attacks jumped by...