Understanding the Rising Costs of Data Breaches and How to Mitigate the Risks
Category: Uncategorized
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Understanding the Rising Costs of Data Breaches and How to Mitigate the Risks
In 2023, the financial toll of data breaches continues to soar, with the latest “Cost of a Data Breach” report by IBM Security revealing that the global average cost of a data breach has reached an all-time high of $4.45 million. This marks a 2.3% increase from the previous year and a 15.3% rise since…
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Simplifying Business Insurance
Business insurance is essential for protecting your investment, regardless of its size. It safeguards you from potential financial losses due to accidents, natural disasters, theft, lawsuits, or other unforeseen events. Numerous types of business insurance are available, and the specific coverage you need depends on the nature of your business and the risks it faces.…
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Ransom Insurance: A Must-Have in the Age of Global Security Threats
In today’s interconnected and globalised landscape, executives and high-profile individuals encounter escalating risks of ransom kidnappings. These criminal activities pose severe consequences for both the targeted individuals and the organisations they lead. Particularly in South Africa, geopolitical tensions, economic instability, and the surge in cybercrime have created an urgent need for protection. Kidnap and Ransom…
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The Evolving Risk Landscape: Mitigating Supply Chain Disruptions in South Africa
The Current State of the Global Supply Chain In the landscape of interconnected global commerce, supply chains serve as the lifeblood that sustains the movement of goods and services across countries. However, unprecedented challenges serve as a threat to these intricate networks, disrupting the very foundation of global trade and economic stability. According to the…
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Cybersecurity Insurance: A Must-Have for South African Businesses in the Digital Age
In today’s age of digital transformation, businesses rely heavily on digital infrastructure and sensitive data. Unfortunately, cyberattacks have become increasingly frequent and sophisticated. According to cybersecurity company Surfshark, South Africa now holds the fifth position globally in a ranking of countries most severely impacted by cybercrime. This underscores the critical need for South African companies…