Marsh warns to invest in robust cybersecurity controls
With cyberattacks growing in size and complexity — and underwriters more closely scrutinising their cyber risk exposures — it’s vital that businesses invest in robust cybersecurity controls. “As many of us have seen in recent years, cyberattacks just continue to...
Risk reduction and cybersecurity
Risk management is critical to a business. We can find examples as far back as recorded history allows, with ship and cargo owners routinely taking up insurance to cover risky voyages. Risk grew as companies became more complex, and today's risk manager must juggle...
SAS acquires Kamakura
SAS has acquired Honolulu-based Kamakura, which provides specialised software, data and consulting that helps financial organisations across the spectrum – banks, insurance companies, asset managers, pension funds and more – manage a variety of financial risks. SAS’...
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...
Cyber risks facing the retirement industry
Contending with the intensity and frequency of cyber threats to business operations is a 24/7/365 challenge. While the banking sector has intensified its cyber defences, threat actors have set their sights on the retirement industry. Not only is the financial quantum...
Taking responsibility for cybersecurity breaches
The recent spate of cyberattacks on organisations in South Africa, where data of South African citizens has been compromised, is shining a spotlight on cybersecurity, in particular, the management of data by third-party service providers. Maher Yamout, senior security...
Best practices for social media security and privacy
Social media provides a world of opportunities for an organization or individual to promote and expand a brand. A powerful form of communication that uses the internet, social media can provide any organization with a strong global presence. By Jonas Walker, security...
How to reduce risk and keep cash
There is currently a major drive to promote cashless payment systems into the main market of South African retail. Many fintechs and start-ups have developed highly innovative solutions aimed at addressing what is seen as a substantial risk. However, while cash is...
Reduce your chances of getting scammed
In today's connected world, nearly everyone has a story where they have been targeted by a scam and either that person or someone they know have lost money to scams. By Javvad Malik, lead security awareness advocate at KnowBe4 Just recently in the run up to Easter,...
The changing and challenging nature of cyber risk
With so many companies in South Africa making permanent changes to working patterns, the need for strong cyber security and risk mitigation policies is becoming increasingly important. Right now, the corporate world is still adjusting - and as it does, it opens up...
How can NPOs guard against cybersecurity attacks?
As our dependence on digital goes up, for everything from banking to buying groceries, so does our vulnerability to cybercrime. Individuals and businesses are increasingly at risk from cyberattack, whether from ransomware, identity theft or other online scams....
Data backup a good start , but not enough to protect critical data
Data protection is certainly more important than ever before, due to proliferating cyber-crime and an expanded attack surface in which work-from-anywhere (WFA) employees are accessing - and using - enterprise data anywhere and everywhere. By John Ward, principal and...