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Importance of cyber liability policies highlighted By $578 million lawsuit against Ashley Madison

24 August 2015 | General

The importance for organisations to have the necessary cybercrime liability policies in place has been highlighted by the $578 million class-action lawsuit laid against the companies that run extramarital-affairs website Ashley Madison. The lawsuit was issued by two Canadian law firms following a recent hack that exposed the personal information of about 37 million users.

Counterfeit employee qualifications could lead to financial losses

18 August 2015 | General

The issue of bogus qualifications has received increased attention recently when it was revealed that the former head of engineering at The Passenger Rail Agency of South Africa (Prasa) had lied about his qualifications. This case serves as a good example why it is becoming increasingly important for South African businesses to vet all professional employees’ qualifications.

7 biggest insurance mistakes made by South Africans

13 August 2015 | General

The 2014 Short-Term Insurance Ombudsman Report released in June this year revealed that a total of 10 253 formal complaints were received over the past year – with the majority of the complaints being related to home and motor insurance. The report also revealed that only 31% of the complaints submitted were overturned by the ombud’s office.

TransUnion’s TU SYNC offers auto dealers real-time, fleet management and tracking

11 August 2015 | Commercial

TransUnion Auto Information Solutions, in partnership with Imarda Technologies SA, has introduced TU SYNC to the South African auto dealer landscape. TU SYNC vehicle management solution combines wireless, real-time tracking with stock management and full integration into third-party, back-end systems to deliver unprecedented levels of insight and process automation. Armed with up-to-the-minute information on the location of each and every vehicle in their stock pool at any given time, dealers are now empowered to proactively manage risk while improving efficiency and leveraging a host of other benefits.

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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