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Ransomware attackers get targeted

27 July 2018

During 2017, the WannaCry ransomware attack impacted more than 300,000 people across 150 countries in less than two days. In 2018, criminals are evolving their tactics, including launching well-researched, targeted attacks intended to infect specific, high-value assets known to hold critical data.

Make sure your Airbnb rental property is insurance compliant

24 July 2018

Airbnb, the service that allows you to turn your residential property into a guesthouse, has enjoyed phenomenal growth in South Africa over the last few years thanks to daily holiday rentals that can be more lucrative than long-term letting. However, many budding Airbnb entrepreneurs could be inadvertently falling foul of their insurance policies, says Standard Insurance Limited.

Top cybersecurity risks for business

19 July 2018

AIG’s 2017 cyber claims statistics reveal business’s key vulnerabilities, and indicate areas of focus for risk committees and business continuity providers.

Shipping losses continue to fall but new cyber and climate risks and perennial human error problem threaten safety progress

18 July 2018

• Safety & Shipping Review 2018: 94 large ships lost worldwide in 2017, down by more than a third over 10 years. Bad weather involved in one in four losses. West Africa is the eighth top location for shipping losses around the world while East Africa is the joint tenth top hotspot overall. • Human error still a major driver of incidents. Big data analysis of crew behavior and near-misses could help prevent disasters. • “Mega ship” fires, emissions rules, climate change and autonomous shipping pose new risk challenges. Insurers expect to see more losses from cyber incidents and technological defects. • Africa accounts for 32% of piracy incidents globally. The Gulf of Guinea remains the regional piracy hot spot with 36 reported incidents in 2017 while incidents off Somalia increased year-on-year to nine from two.

quick poll

Question

If you had to hazard a guess, when do you reckon the COFI Bill will be signed into law?

Answer

2026, as promised 2027 looks more likely Impossible to say More consultation needed

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