Nov 25, 2022 | Articles, cyber, insurance, insurance news, Latest Insurance Articles, short term insurance, Short Term Insurance News
Ransomware attacks have not only become more prevalent in the past few years, but they have also become more malicious and vicious. The original attack of encrypting data is now being followed by double extortion, where data that is stolen is threatened to be released...
Nov 18, 2022 | Articles, cyber, insurance, insurance news, Latest Insurance Articles, short term insurance, Short Term Insurance News
According to a recent Accenture study South Africa reportedly experiences 577 malware attacks per hour resulting in losses of R2,2-billion per year. Cybercrime is undoubtedly one of the most serious risks that businesses today face. In the past, many businesses,...
Nov 11, 2022 | Articles, cyber, insurance, insurance news, Latest Insurance Articles, short term insurance, Short Term Insurance News
Properties in low-risk locations will continue to be insurable on normal terms, while those in higher-risk areas may become increasingly difficult to insure Since insurance first started centuries ago, premiums have been determined on the basis of client risk...
Nov 4, 2022 | Articles, cyber, insurance, insurance news, Latest Insurance Articles, short term insurance, Short Term Insurance News
Kaspersky research has found that from January to April this year, ransomware attacks in South Africa have doubled over the comparative period of 2021. In fact, ransomware has become the most significant cyberthreat of our time. As the name suggests, ransomware locks...
Oct 28, 2022 | Articles, cyber, insurance, insurance news, Latest Insurance Articles, short term insurance, Short Term Insurance News
Ransomware remains a top cyber risk for organizations globally while business email compromise incidents are on the rise and will increase further in the ‘deep fake’ era. At the same time, the war in Ukraine and wider geopolitical tensions are a major concern as...
Oct 21, 2022 | Articles, cyber, insurance, insurance news, Latest Insurance Articles, short term insurance, Short Term Insurance News
Santam’s executive head of commercial and personal intermediated business, Andrew Coutts, has issued a communication to intermediaries setting out the factors that have made premium increases unavoidable. Coutts said households and businesses have experienced immense...
