Our Blog & Insurance Related News
Mobile devices and Cyber security: WhatsApp’s new policy shouldn’t be your only worry.
Why WhatsApp's new policy shouldn't be you're only worry. Just like many devices that are connected to the internet nowadays, mobile devices present a high risk of being negatively impacted by cyber threats. WhatsApp’s new privacy policy indicated that they will be...
Why your company should never pay the ransomware ransom
Why you should not Pay ransomware ransom. When ransomware hits your business and you watch helplessly as your data begins to encrypt, you may feel the urge to cough up and pay the ransom. This practice isn’t uncommon as Kaspersky reported earlier this...
Digital trends in the insurance industry
Insurance digital trends The Covid-19 pandemic has ushered in ample opportunities by accelerating the digital transition of tasks that were once considered mundane. In recognition of the importance of this, almost all players in the insurance sector are...
The average ransomware attack costs a South African company over R6.4 million
Ransomeware attacks growing vey costly for South African companies Ever since the global pandemic hit a little over a year ago, remote working has led to a sharp increase in cybercrime as those working from home are seen as easier targets. Interestingly,...
5 Things to Do After a Ransomware Attack
5 Key Things to do after a Ransomware Attack In South Africa, 42% of ransomware victims pay the ransom to restore access to their data. Yet for 19% of those, paying the ransom did not guarantee the return of stolen data. However, as public awareness of...
Why data backups are in the spotlight in 2021
Data backups are the spotlight of 2021 In light of the growing volume of cyberattacks - especially since the start of the Covid-19 pandemic - it has never been more important to ensure business continuity and recovery in the event of a disruption....
62% of employees enjoyed working from home
Employees are enjoying working from home As parts of the world open up and things go back to ’normal’ about 62 per cent of employees said working remotely makes them happier, according to a new survey on Friday. The Forrester study commissioned by...
Insurers brace for fresh wave of regulatory reforms in 2021
Insurers must brace for fresh wave of regulations in 2021 Non-life insurers will have to stay on their toes throughout 2021. Hard on the heels of the Covid-19 business interruption judgments that caught some insurers off guard in 2020, a raft of new regulatory...
Is your business ready to recover from a ransomware attack in 2021?
Can your business recover from a cyber attack? Cybercrime is a multi-billion dollar international industry and is not going away. Ransomware has taken centre stage, with large and highly publicised attacks costing global enterprises significant sums and even...
Why Cyber Attacks are Technology’s ‘Natural’ Disasters
Cyber attacks, the new natural disaster. The SolarWinds attack was stunning in its scope and scale. If it were an earthquake, it would be 9.9 on the Richter scale. As digital transformation accelerates in 2021 and beyond—and applications accelerate as central enablers...
Microinsurance ready to disrupt African insurance industry
Microinsurance set to take over When it comes to insurance, there are few more exciting markets to be right now than Africa. Before Covid-19 struck, McKinsey predicted the African insurance market would grow at around 7% per year between 2020 and 2025. That’s...
A third wave for winter
Third wave hitting in winter? A study of historic coronavirus outbreaks suggests that countries will experience a third wave of Covid-19 at some point in 2021. The three wave trend is prevalent in almost all previous pandemic events, including the 1929 Spanish...
Employee wellness is changing – 3 ways to keep up
The importance of employee wellness Do you remember when the corporate well-being conversation was about providing fitness centers, healthy snacks, and maybe even a rooftop garden? Well, that was the old way of looking at things. Today, companies are focusing not just...
6 things to consider after receiving that Valentine’s gift
Protect your loved ones gifts February is known as the month of love and, even in a pandemic year, billions of rands are expected to be spent on Valentine’s Day gifts, globally. For many, this month in our current reality represents a time for emphasising the...
The how-to guide for a productive “work from home” strategy
How to work from home productively in 2021 In 2021, we are likely to see the percentage of people who permanently work from home, to double. This is according to Enterprise Technology Research (ETR) which surveyed 1200 chief information officers from...
Does your business have cyber insurance? Here’s why it should
Why your company should have cyber insurance. Imagine your business falls victim to a data breach today. All your clients, who trusted you with their personal information, are now at risk. This is a horrible reality that many businesses have to face...
Human fallibility remains the weakest link in cybersecurity
Humans the weakest link in cybersecurity If the South African financial industry can learn one thing from Experian's 2020 data breach, it is this: human fallibility is still the weakest link in the fight against cyberattacks. By using standard social engineering...
Litany of new risks for directors and officers in 2021 driven by insolvencies, cyber threats and ESG scrutiny
Potential New threats for directors and officers in the new year The Covid-19 pandemic has created a highly volatile and uncertain environment for businesses resulting in a litany of new or heightened risks for directors and officers (D&O) as well as...
Cyberattacks are on the rise amid work from home – how to protect your business
Cyber attacks rising With organizations and workers now in their ninth month of COVID-19, the time has come to prepare as the threat of cyberattacks becomes even more menacing. Cybersecurity experts predict that in 2021, there will be a cyberattack...
The changing face of ransomware
The ongoing changing in ransomware There is a significant decrease in the sheer number of ransomware attacks due to improved security, better backup strategies and faster data recovery measures. This has meant that the spray and pray approach is no longer...