The latest figures from Sophos’ State of Ransomware in South Africa 2025 report reveal that the median ransom payment nearly tripled over the past year, increasing from approximately R2.8 million to R8.3 million, underscoring the significant...
Richard Hood, CEO of OLEA South Africa For many established businesses, conventional insurance can feel like a necessary evil, a grudge purchase that delivers diminishing value over time. Yet, the transition from traditional coverage to...
While South African entrepreneurs are growing increasingly sophisticated in planning for long-term growth and succession, a critical and often overlooked insurance gap is leaving a vast number of small and medium-sized businesses dangerously exposed...
The average claim following a significant cyberattack is just $75,000 for MDR users, compared with $3 million for endpoint-only users. Sophos, a leading global provider of innovative security solutions designed to neutralise cyberattacks, has...
The South African insurance sector operates in a complex regulatory environment, where adapting to evolving financial regulations is critical. As the demands on insurers grow, so does the need for comprehensive IT systems that support compliance...
Marsh the world’s leading insurance broker and risk advisor and a business of Marsh McLennan (NYSE: MMC) has released the Global Insurance Market Index for Q3. The Global Insurance Market Index is Marsh’s proprietary measure of global commercial...
As cyber threats continue to grow in both scale and sophistication, businesses in 2024 must remain more vigilant than ever to safeguard their sensitive data and financial assets. With cyber risks advancing alongside technological progression...
As the nature of work evolves, so too must the life insurance products that protect those earning a monthly income. The number of previously uninsurable workers in the local gig economy is multiplying. A pre-Covid study shows that this represented at...
