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The recent WannaCry ransomware attack made a lot of companies wanna cry. As such attacks become more frequent and gain scale, cyber insurance promises to be the next big blockbuster in the insurance industry...
South Africans have always being known as innovative and a country that once had a thriving entrepreneurial spirit. Some of the world’s largest companies were established within our borders and serve as a major source of income and employment for a population that struggles with unemployment.
Any professional who offers advice or a delivers a service in exchange for a fee should have adequate Professional Indemnity (PI) insurance in place to provide them with financial protection should they unintentionally cause a loss to another party during the performance of their professional duties.
Traditional insurance policies provide cover for threats but not for intangible losses from attacks.
If you had to hazard a guess, when do you reckon the COFI Bill will be signed into law?