Our Blog & Insurance Related News
Cyber attacks: What is hybrid warfare and why is it such a threat?
Washington and Moscow are engaged in a war of words over a spate of ransomware attacks against organisations and businesses in the US and other countries. These increasingly sophisticated cyber-attacks represent a new type of warfare aimed at disorganising and even...
What I wish I knew about insurance when I was younger
Advice for younger adults about insurance Receiving your very first pay cheque as a young working professional can be a liberating yet daunting experience. Imagine the pride of buying your first car, a pair of name brand sneakers, a designer watch or the newest smart...
Cyber threats on the rise in these industries in South Africa
Cyber threats on the rise in South Africa Increasingly, companies are looking to adopt smart technologies to optimise production and decision-making in order to create businesses of the future. However, as reliance on autonomous and digital technology grows, so too...
Increase in claims and regulatory enquiries
Increase in insurance claims and regulatory enquires Incidences where executives and directors of businesses are being held liable for their role in issues have escalated and this has led to an increase in claims frequency and severity. Claims frequency and severity...
South Africa’s new driving demerit system faces delays
New demerit system faces delays The Department of Transport says that the rollout of the Adjudication of Road Traffic Offences (Aarto) Act is on target – however, there is less clarity around when the country’s new driving demerit system will be introduced. The Aarto...
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...