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Cyber threats are becoming more pervasive and persistent and are growing increasingly sophisticated. In the wake of the Covid-19 crisis, the volume of attacks has also accelerated dramatically. Breaches have become a matter of ‘when’ and not ‘if’, and the cost of a breach can cripple a business that is not prepared.
There is a significant decrease in the sheer number of ransomware attacks due to improved security, better backup strategies and faster data recovery measures. This has meant that the spray and pray approach is no longer effective for ransomware distribution. Although fewer ransoms are being paid, it doesn't mean less risk.
Please find attached news from RNA Analytics, a global leader in actuarial and risk management consulting services, who has today announced that Hollard Insurance (“Hollard”), South Africa’s largest and privately-owned insurance group, has deployed its R³S software.
In Aon’s 2019 Global Risk Management survey, failure to innovate or meet client needs was pegged as the #9 risk facing businesses around the globe. A year later, the COVID-19 pandemic and subsequent global lock-downs have magnified the need for digital technology solutions to drive operational efficiencies and deliver service to clients.
If you had to hazard a guess, when do you reckon the COFI Bill will be signed into law?