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Christo-van-Staden1

Protecting the privacy of clients’ data

Research shows that 81 of the top 100 non-Google websites are using Hyper Text Transfer Protocol Secure (HTTPS) to make their sites a safer place for individuals. HTTPS encrypts communications that are sent between an individual’s browser and the website they’re connected to, meaning that information submitted is harder to intercept and understand. (more…)

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corruptionsmall

How harmful is a bribery or corruption scandal to a company?

Corruption involves a wide range of activities including bribery and dishonest or fraudulent practices by relatively powerful people. With the prevalence of corruption globally, the UK Bribery Act 2010 requires companies to mitigate financial penalties and reputational risks associated with these illegal acts within their organisation and third-parties, through adequate preventative measures. However, despite strict […]

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Fighting fire by managing risk

Property and business interruption losses as a result of wildfire have increased dramatically in South Africa. Managing fire risk is every property owner’s responsibility as experts warn that the world is becoming warmer and drier, increasing the chances of unwanted wildfire. (more…)

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computerroom

Why cyber risk is business risk

The recent data breach experienced by Liberty is very telling. Over 40 terabytes – the equivalent of 20 modern portable hard drives – was copied from the financial provider’s systems. These details are important for two reasons: Liberty is a financial provider and thus subject to specific security-related regulations. It is very unlikely, given the […]

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Kerry_Curtin1

The rise of multi-factor authentication

While passwords alone do not provide adequate levels of security, their convenience means that they are still widely deployed. Although they will be phased out as the primary method of authentication on mobile and Internet of Things (IoT) devices in 2018, they are unlikely to disappear completely. (more…)

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Samantha Baleson

SA becoming ‘an ever more litigious country’

South Africa is aligning itself with the rest of the international community’s legal inclination and becoming an ever more litigious country. With attorneys doing work on a contingency, or a “no win, no fee” basis, it is becoming easier and easier to sue and hold a wrongdoer liable. (more…)

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Tony Webster

Product Recall and Contamination Insurance

Recent high-profile product recalls have focused an uncomfortable spotlight on failures of product safety and contamination prevention processes, highlighting the need for comprehensive risk management and insurance to manage the onerous reputational, financial and legal repercussions of a large-scale product recall. “Product recall and contamination insurance is relatively commonplace among most large commercial and multinational […]

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crimesept13f

Quarter of all companies expect cybercrime disruption

The rapid digitalisation of the world’s economy brings with it the potential for economic crime to cripple businesses in highly disruptive and devastating ways. A recent 2018 PwC Global Economic Crime and Fraud Survey found that a quarter of South African businesses believe that cybercrime will be the most disruptive economic crime to affect their […]

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