2024 | Orchid Risk Services™

City bolsters fire prevention strategy as vegetation fires surge.

Oct 25, 2024 | 2024, Cape Town, Wild Fire

Cape Town is ramping-up its fire prevention efforts as summer approaches, following a 35% increase in vegetation fires. Residents near the urban edge are being called on to maintain buffer zones, while fire services prepare for a challenging season. Experts warn of...

CYBERSECURITY AWARENESS MONTH: SMALL BUSINESSES MUST PRIORITISE PROTECTION AS CYBERATTACKS SURGE

Oct 18, 2024 | 2024, Cyber Insurance, Cybersecurity and business, insurance, South Africa

As cyberattacks continue to surge, increasingly targeting small businesses, the need for robust cybersecurity risk management has never been more critical. This October, marking International Cybersecurity Awareness Month, serves as a timely reminder that businesses...

What businesses need to know about cyber insurance.

Oct 4, 2024 | 2024, Cyber Insurance, Cybersecurity and business

Cyber insurance has become a crucial safety net for businesses, particularly in the face of escalating ransomware attacks. By Greg Day, vice-president and global chief information security officer at Cybereason. This financial safeguard promises protection against the...

Alarming surge in AI-driven cybercrime

Sep 27, 2024 | 2024, AI

Trend Micro has warned that threat actors have bounced back from recent law enforcement efforts to unleash a new wave of attacks leveraging AI and other techniques – revealing that it blocked almost 47-million email threats, more than 7 000 ransomware attempts, and...

Crop insurance critical to safeguard SA’s food security

Sep 6, 2024 | 2024, agriculture, insurance, South Africa

The agriculture sector is integral to both the South African economy as well as our food security. According to the latest Santam Insurance Barometer report, the industry contributes around R400 billion to gross domestic product each year, supports 870 000 jobs, and...

SA’s insurance industry to hit R200 billion by 2028 as disasters, cyber crimes take their toll.

Aug 30, 2024 | 2024, insurance, insurance news, Latest Insurance Articles, South Africa

South Africa’s general insurance industry is set to grow at a compound annual growth rate of 5.8% in the next four years, according to a forecast by GlobalData. The global analytics and data company predicted that the value of gross written premiums in the country...