Mar 17, 2023 | Articles, insurance, insurance news
By now you would be hard-pressed to find a South African who is not familiar with the terms Stage 1-6, load shedding, or even the tongue-in-cheek, Eish-kom. All of these are used to describe the instability of the national power grid. While we have come to...
Feb 17, 2023 | Articles, cyber, Cybersecurity and business, insurance, insurance news
Ransomware and phishing remain the top two cyberthreats today, a fact that many different studies will attest to, and often, human error is to blame for successful breaches. Cybersecurity awareness training has become essential for business, but it is often an...
Feb 3, 2023 | Articles, cyber, Cybersecurity and business, insurance, insurance news, Latest Insurance Articles
Cyber threats are increasing at a rate far greater than the industry is able to cope with. Despite this, C-Suite executives still don’t take cybersecurity seriously enough while boards are not nearly as engaged in cybersecurity as they are in other areas of oversight,...
Jan 20, 2023 | Articles, cyber, insurance, insurance news, Latest Insurance Articles, short term insurance, Short Term Insurance News
A report published by cybersecurity company Surfshark has highlighted South Africa ranking 6th in the world regarding cybercrime density – which costs the country an estimated R2.2 billion annually. According to the director of Cyber Security at the University of...
Jan 6, 2023 | Articles, cyber, insurance, insurance news, Latest Insurance Articles, short term insurance, Short Term Insurance News
While ransomware gangs continue to be successful in extorting money from businesses, those that do pay demands are financing the ransomware industry and further crime. With increasing attacks on areas like critical infrastructure and healthcare, it’s now become more...
Dec 23, 2022 | Articles, cyber, insurance, insurance news, Latest Insurance Articles, short term insurance, Short Term Insurance News
Since insurance first started centuries ago, premiums have been determined on the basis of client risk profiles, with insurers pooling risk across large numbers of clients to take advantage of the laws of large numbers. It has always been an imperative for insurers to...