South Africa is known to be the world’s third most popular destination for Cyber criminals. A recent survey conducted by niche underwriter SHA found that 39% of businesses had already suffered a cyber incident.
Cyber Attacks can take many forms including cyber extortion, denial of service, hacking and malware, to list a few.
Recent attacks on Liberty, Ster-Kinekor, Jigsaw Holdings and ViewFine are well-publicised examples.
You could easily fall victim to cyber criminals i.e. the loss of an employee’s laptop computer can create exposure to this risk.
A Cyber Attack can impact an organisation in a number of ways:
So, what steps can your business take to minimise cyber threats?
For more information and assistance, or a quote for Cyber Risks Insurance, contact Rodney Caruana on 011 778 9300 or firstname.lastname@example.org.
This article is a general information sheet and should not be used or relied on as professional advice. No liability can be accepted for any errors or omissions nor for any loss or damage arising from reliance upon any information herein. Always contact your financial adviser for specific and detailed advice. Errors and omissions excepted. (E&OE)