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• Business interruption is the biggest concern in transportation • Cyber incidents and natural catastrophes are new emerging risks for the sector • Theft, fraud, corruption moved up to second place • Changes in legislation and regulation declined as a risk.
• Cyber-crime, IT failure and data breaches are major concerns for the financial services sector • Changes in legislation and regulation are new emerging risks for the industry • Risks emanating from market developments have significantly reduced • The impact of new technologies on operations in the sector is now a risk
Whether a music festival or a business conference, cancelling an event can be costly.
Last year saw a surge in cybercrime which surpassed previous years, highlighting the importance of having proper, continually updated security measures in place. Data’s increasing value and the advent of regulatory measures around data protection have pushed the protection of company and personal information, in the face of rising cybercrime, to the fore for South African businesses.
If you had to hazard a guess, when do you reckon the COFI Bill will be signed into law?