Mar 14, 2025 | cyber, Cyber Crime, Cyber Insurance, insurance, insurance news, Latest Insurance Articles, short term insurance, Short Term Insurance News, South Africa
South Africa-based real estate company Pam Golding is scrambling to contain a cyber attack it recently suffered. Yesterday, the company announced it had experienced a “cyber incident” that resulted in unauthorised access to some of the personal information stored on...
Mar 7, 2025 | cyber, Cyber Crime, Cybersecurity and business, insurance, insurance news, Latest Insurance Articles, short term insurance, Short Term Insurance News
One hot risk factor isn’t getting the attention it deserves One of cyber’s biggest risks may be being overlooked: third-party risk was a key factor in cyber insurance claims and financial losses in 2024, according to new data from cyber risk solutions company...
Feb 14, 2025 | 2024, Cyber Crime, Cybersecurity and business
Despite rising awareness about cyber scams, fueled by media coverage, cybersecurity education, and real-life experiences, scammers continue to stay ahead of the game. With advanced tactics like deepfakes, AI-driven fraud, and social engineering, they are pulling off...
Feb 7, 2025 | cyber, Cyber Crime, Cyber Insurance, Cybersecurity and business, insurance, insurance news, South Africa
The average cost of a data breach in South Africa rose to R53,1-million in 2024, a 10% increase from 2023, according to research by IBM. Cyberattacks are also becoming more frequent and, according to a recent article titled Unmasking cyber threats in Africa, local...
Jan 24, 2025 | 2024, Cyber Crime, Cybersecurity and business
In 2024, nearly six out of every 10 businesses experienced a cyber attack. The same research revealed that 70% of these attacks led to data encryption, with ransom demands increasing fivefold. Most concerningly, 32% of cyber attacks worldwide were attributed to...
Dec 6, 2024 | 2024, Cyber Crime, South Africa
In June this year, South Africans got yet another taste of how destructive criminal cyberattacks can be. As the month drew to a close, the National Health Laboratory Service (NHLS) fell victim to a ransomware attack. The incident delayed the processing of millions of...
