AI | Orchid Risk Services™

Cut through the hype around AI and ransomware.

Nov 1, 2024 | 2024, AI

By Rick Vanover – It might be the great paradox of 2024: Artificial Intelligence (AI). Everyone’s bored of hearing it, but can’t stop talking about it. It’s not going away so we had better get used to it. AI is disrupting most digital industries and cybercrime is no...

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...

Partnering, AI can help combat insurance fraud.

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...

AI, advanced analytics help to beat insurance fraud

May 17, 2024 | AI, insurance, insurance news

Despite higher inflation, interest rates and cost of living, the South African insurances market experienced a revival during the last two years, with the gross written premium across the local insurances market expected to show an annual growth rate of 5,14% from...

AI sets next wave of insurance disruption in motion

May 3, 2024 | 2024, AI, insurance, insurance news, Latest Insurance Articles

Artificial intelligence (AI) has been instrumental in shaping the insurance industry for the past few years and insurance providers have integrated AI models with established methodologies from the actuarial sciences to enhance risk analysis and streamline claim...

Building a secure organization in the age of AI, an analysis

Feb 2, 2024 | 2024, AI

South Africa’s Information Regulator reports at least 100 cyber security breaches a month from local companies. Between October 2022 and June 2023, the regulator received 1021 data breach notifications, averaging 113.4 incidents every month. This is a solid indicator...