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How the Russia-Ukraine War Could Affect Cybercrime

How the Russia-Ukraine War Could Affect Cybercrime

Russia’s war on Ukraine and its increasingly isolated internet environment could drive Russian cybercriminals to think outside the box and launch new forms of cyber attacks. This is according to Nclose’s Co-Founder & Technical Director, Martin Potgieter, who says...

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The Cyber Insurance Market Needs More Money

The Cyber Insurance Market Needs More Money

Cyber insurance is harder for companies to find than it was a year ago — and it’s likely going to get harder. While cyber insurance is becoming more of a must-have for businesses, the explosion of ransomware and cyberattacks mean it’s also becoming a less enticing...

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Ransomware gangs take on a new face in 2022

Ransomware gangs take on a new face in 2022

Ransomware operations have come a long way – from somewhat clandestine and amateur beginnings to fully-fledged businesses with distinctive brands and styles that rival each other on the dark web. Overall, they continue to develop and succeed despite big shutdowns of...

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Ransomware hits more than half of SA companies

Ransomware hits more than half of SA companies

Sophos’s new State of Ransomware 2022 report shows that 51% of South African organisations surveyed were hit with ransomware in 2021. Forty-nine percent of the organisations that had data encrypted paid the ransom to get their data back, even if they had other means...

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These are the top ransomware attacks to be wary of this year

These are the top ransomware attacks to be wary of this year

In 2022, ransomware will continue to harm businesses all over the world, with cybercriminals’ attack types and strategies evolving all the time. The increase in ransomware attacks on businesses means that businesses must be hypervigilant about cybercrimes and be aware...

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The murky waters of cyber warfare and insurance coverage

The murky waters of cyber warfare and insurance coverage

South Africa has seen a dramatic rise in cyberattacks and successful breaches during the past two years as well as an accompanying surge in ransom demands. In the most recent high-profile attack, credit reporting agency TransUnion South Africa revealed that at least...

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TransUnion faces R10-million fine for hack

TransUnion faces R10-million fine for hack

Credit bureau TransUnion could be slapped with a R10-million fine after it suffered a data breach that compromised the personal information of millions of South Africans, the Information Regulator of South Africa has said. The company confirmed on Thursday that a...

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How underfunding of cybersecurity may affect the country

How underfunding of cybersecurity may affect the country

Underfunding of critical cyber defences is leaving South African organisations exposed to damaging cyberattacks. New research has found that 97 percent of South African organisations say they have been negatively impacted by a lack of budget for their cyber resilience...

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6 ways to prepare for the next wave of ransomware in 2022

6 ways to prepare for the next wave of ransomware in 2022

Ransomware as a trend will continue to affect businesses across the world in 2022 – with attack types and tactics from cybercriminals evolving all the time. As attacks get more sophisticated, so do the consequences of falling victim to ransomware and the complexity of...

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Beware the ransomware pandemic

Beware the ransomware pandemic

A report by cyber insurer Allianz Global Corporate & Specialty highlights the surge in ransomware incidents, which could be prevented if companies strengthen their cyber security and controls. During the COVID-19 crisis another outbreak has happened in cyber...

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Consumers ‘will feel the impact’ of higher Sasria premiums

Consumers ‘will feel the impact’ of higher Sasria premiums

Consumers are justifiably concerned about the impact of Eskom’s demand for a 20% tariff increase, but there’s another factor that could contribute to rising inflation this year: significantly higher Sasria rates on commercial vehicles. Sasria announced its 2022 rates...

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Collaborative risk management central to a new insurance paradigm

Collaborative risk management central to a new insurance paradigm

According to Santam's research, 62% of commercial entities cite the struggling South African economy as their biggest emerging concern The economic downturn has impacted businesses across our specialist lines of insurance. We’ve seen the marine, heavy haulage, taxis...

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