Why insurance premiums have shot up
Business owners often grapple with insurance premium increases without realising what leads insurers to hike premiums. This is according to Malesela Maupa, head of insurer relationships at FNB Insurance Brokers, who says understanding some of the common factors that...
FCM Connect adds travel security
FCM'S new technology suite, FCM Connect, gives travellers, bookers and managers critical safety and duty of care support via Secure, a risk management solution customised to each client's requirements. Secure features include itinerary based traveller tracking,...
Transparency, vetting combats procurement fraud
Fraudulent activities within the supply chain are a common risk encountered by private and public sector organisations. While it can be difficult to identify culprits within your own organisation and those within supplier organisations, there are steps that can be...
New mindset needed to address stock losses, fraud
In the absence of a proper risk mitigation plan and loss control blueprint, South African business owners will never really address the critical levels of theft and fraud impacting on our economy. This is according to commercial investigator and international risk...
Ignoring risk is not an option
Few business leaders are oblivious to the proliferation of cyber crime, particularly in light of high profile events such as Petya and WannaCry. But awareness does not always result in action, particularly when budget and skills constraints hamper large-scale...
Reaching today’s CISOs
Information security is top of mind for most businesses today. Not only to they have to worry about increasingly sophisticated and motivated hackers, they have to worry about their own staff, and data loss through either carelessness or malice. Should a security event...
Be proactive against fraud and corruption
Organisations are not immune to the devastating consequences of fraud and corruption. Nowadays, organisations are under threat from a host of risks including procurement fraud and cybercrime. Zaakir Mohamed, director in the dispute resolution practice at Cliffe Dekker...
On World Backup Day, prevent data loss
World Backup Day, celebrated annually on31 March, is a reminder of the importance of taking effective measures that can make all the difference when a data loss incident strikes. It is also a good time to pause and reflect on the rising tide of threats that...
How we approach business risk needs to change
By Faith Ngwenya, technical executive at the South African Institute of Professional Accountants (SAIPA) "We need to recreate the traditional risk management process entirely if we are to sufficiently break down silos and become truly fluid," our institute's western...
Rise of the robots adds new risks
Chatbots, autonomous vehicles, and connected machines in digital factories foreshadow what the future will look like: the widespread implementation of artificial intelligence (AI) applications brings many advantages for businesses such as increased efficiencies, fewer...
Cyber risk and the challenge for directors
The jump in cyber attacks is challenging how boards approach risk management and their readiness to handle emerging threats, says WomenCorporateDirectors (WCD) and Marsh & McLennan Companies' Global Risk Center new joint report, "Cyber Risk Management Response and...
Pharma firms ramp up security spend
Pharmaceutical companies require efficient technologies such as Internet of Things (IoT), cloud computing, artificial intelligence and big data to manage information that is vital to the development and production of successful drugs. As a result, pharmaceutical firms...