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The nature of the world is changing. The physical nature of products, as well as the physical action of going to purchase the product, is slowly but surely becoming extinct as technology flexes its muscles and increases its influence on society.
Major weather events like the storm that wreaked havoc across Cape Town this week, fires, floods and wind, could potentially lead to increased liability claims against property and vehicle owners.
Following the devastation this past week caused by the Western Cape storm - resulting in significant damage to infrastructure and thousands forced from their homes in Cape Town and surrounds - business owners are now counting the cost of interruption to their operations, following the worst natural disaster in the region for 30 years.
Information infrastructure departments around the world jumped into action on Friday 12 May to protect their businesses against the latest cyberattack, WannaCry. According to media reports, this Trojan ransomware infected over 200 000 computers in over 150 countries. The hackers took users’ files hostage and demanded between USD300 and USD100 000 through bitcoin to release these files.
If you had to hazard a guess, when do you reckon the COFI Bill will be signed into law?