Oct 14, 2022 | Articles, cyber, insurance, insurance news, Latest Insurance Articles, short term insurance, Short Term Insurance News
Every CISO and IT security professional knows that cyber risks are exploding, with cybercrime syndicates becoming increasingly aggressive and sophisticated. To their credit, security execs are putting out fires and putting mitigation measures in place as fast as they...
Sep 30, 2022 | Articles, cyber, insurance, insurance news, Latest Insurance Articles, short term insurance, Short Term Insurance News
South Africa remains vulnerable to cyberwarfare, despite a plan to protect the country against threats to its national security and commercial capability being put into motion almost eight years ago. Cyberattacks have increased at a rapid rate, especially since the...
Sep 23, 2022 | Articles, cyber, insurance, insurance news, Latest Insurance Articles, short term insurance, Short Term Insurance News
Ransomware has increased exponentially over the course of the last few years, and this trajectory is set to continue. Data breaches and other security events pose significant risks to businesses because lost data represents not only lost business, but also compliance...
Sep 9, 2022 | Articles, cyber, insurance, insurance news, Latest Insurance Articles, short term insurance, Short Term Insurance News
Executive performance evaluations will be increasingly linked to ability to manage cyber risk; almost one-third of nations will regulate ransomware response within the next three years; and security platform consolidation will help organisations thrive in hostile...
Sep 2, 2022 | Articles, cyber, insurance, insurance news, Latest Insurance Articles, short term insurance, Short Term Insurance News
According to a study by IBM, 95% of cyber security breaches result from human error. Even though humans make mistakes, this mistake is so overwhelming in cybersecurity that 19 out of 20 cyber breaches result from human error. Another report indicated that human error...
Aug 26, 2022 | Articles, cyber, insurance, insurance news, Latest Insurance Articles, short term insurance, Short Term Insurance News
Lloyd’s insurers must exclude state-backed cyber-attacks in standalone (or affirmative) cyber policies, according to a Lloyd’s market bulletin issued this week. The exclusion would include liability for losses arising from both war- and non-war-related state-backed...
