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News | Tag: cyber insurance

A cyber insurance solution for African businesses

February 21 2024 By Bervin Momba insurance, reinsurance, cyber insurance, bervin momba

The rate of cyberattacks on businesses around the world is increasing at a pace never seen before, fuelled by sophisticated technology, including the use of artificial intelligence to launch more vicious attacks and bypass cyber security systems. Latest tech leads to more damaging attacks The most common form of cybercrime facing both businesses and individuals is phishing, notes London-based IT services provider, AAG. In 2021, 323 972 internet u...

RSIS launches innovative cyber insurance solution for businesses

October 26 2023 By Reinsurance Solutions cyber insurance

Cybercrime is rapidly increasing in Southern Africa, with the region recording among the highest number of ransomware and business email attacks in Africa. To address this constantly evolving business risk, reinsurance broker, Reinsurance Solutions Intermediary Services (RSIS), has teamed up with cyber security firm, Fullstream Business Service (FBS), to develop a tailored cyber insurance solution for Southern African businesses, underwritten by ...