Aug 9, 2024 | 2024, insurance, insurance news, South Africa
Major changes are set to be made to South African insurance products as the Prudential Authority approved the launch of weather index-based products to mitigate against an insurance crisis due to climate change. South Africa’s insurance industry has come under...
Aug 2, 2024 | 2024, Cybersecurity and business, South Africa
Financial service providers are increasingly being targeted by hackers because they hold sensitive information about their clients. This data is indeed a rich treasure trove of information that can be used to commit fraud should it fall into the wrong hands. This is...
Jul 26, 2024 | 2024, Cybersecurity and business, South Africa
South Africa is not being spared the scourge of cyberattacks on operational technology (OT) networks. As recently as 22 June, the National Health Laboratory Service was hit by a ransomware attack that blocked communications between its information systems, resulting...
Jul 19, 2024 | 2024, AI, insurance, insurance news, Latest Insurance Articles
Partnering is vital for insurers to ensure they are able to effectively combat fraud. This is one of the messages to come out of the Insurance Crime Bureau (ICB) conference, held under the theme of “Breaking Barriers & Building Bridges for the Future”. It saw more...
Jun 7, 2024 | 2024, Cybersecurity and business, South Africa
Unknowingly, people often leave their digital fingerprints all over the internet, through surfing and downloading free software, which leaves them open to being attacked by cyber criminals. South Africa, said Craig Pedersen, director at TCG Forensics, is on the verge...
May 31, 2024 | 2024, Cybersecurity and business, South Africa
South African firms are paying an average of R18 million to ransomware attackers and, following that action, it can take between one and six months for the business to recover fully from the attack. Further , South Africa is ranked fifth in the world when it comes to...
