Nov 12, 2021 | Articles, cyber, insurance, insurance news, Latest Insurance Articles, short term insurance, Short Term Insurance News
The number of cyber threats recorded by the Kaspersky Security Network in the first half of 2021 that targeted SA users reached 31.5 million. Kenya was in a similar position with 32.8 million cyber threats recorded, while Nigeria trailed behind with 1.67 million. All...
Nov 5, 2021 | Articles, cyber, insurance, insurance news, Latest Insurance Articles, short term insurance, Short Term Insurance News
The latest IBM Security Cost of a Data Breach Report indicates that the global average cost of a data breach has risen to $4.24 million in 2021, a 10% increase overall and the largest percentage increase in the 17-year history of the report. This is according to...
Oct 29, 2021 | Articles, cyber, insurance, insurance news, Latest Insurance Articles, short term insurance, Short Term Insurance News
The cyber insurance market is rapidly maturing and there are many reasons for this. Companies are increasingly leveraging technology to expand or streamline their businesses, remote work is seeing wide-scale adoption, cybercrime is inflicting trillions of dollars in...
Oct 22, 2021 | Articles, cyber, insurance, insurance news, Latest Insurance Articles, short term insurance, Short Term Insurance News
In today’s always-on, always-connected economy, businesses are under pressure to enhance their cybersecurity strategy and prove to their customers that data protection is critical to their engagement strategy. By Michel Nader, senior regional director: data protection...
Oct 15, 2021 | Articles, cyber, insurance, insurance news, Latest Insurance Articles, short term insurance, Short Term Insurance News
During the Covid-19 crisis, another outbreak has happened in cyberspace: a digital pandemic driven by ransomware. Malware attacks that encrypt company data and systems and demand a ransom payment for release are surging globally. The increasing frequency and severity...
Oct 8, 2021 | Articles, cyber, insurance, insurance news, Latest Insurance Articles, short term insurance, Short Term Insurance News
Of the Airmic members who buy cyber insurance and have had a claim, all claims relate to a ransomware attack and all claims have been met, according to the latest Pulse Survey on insurance market conditions from UK risk management association Airmic. Other key...
