Forward-thinking business insurance providers are rallying corporate cyber security into their offerings to lower clients’ risk exposure and prevent claims. This has gained traction over the past three months as Covid-19 related cyber scams have increased. Cyber threats have exploded during the Covid-19 pandemic with recent statistics showing a 10-fold increase in attacks on digital […]
Another South African financial services company has become a cyber-attack victim. Lombard Insurance Company has admitted to its systems being breached, but details on how customers have been affected are still sketchy. Customers have been warned that their personal details could have been compromised, but so far there is no clarity on what information has […]
Two years after rival insurance group Liberty was hit by hackers demanding a ransomware payment running into millions of rand, now Momentum Metropolitan has informed its shareholders of a data breach on the network of one of its subsidiaries. The company did not state which subsidiary’s website was targeted by the attack, adding that it […]
Distributed denial of service (DDoS) attacks increased three-fold in the second quarter of 2020, compared to the same period last year. This is according to the Kaspersky Q2 2020 report into DDoS attacks, which shows that the Q2 figure almost matches the number of attacks in the first quarter this year. Kaspersky experts believe the […]
It’s estimated that phishing is the starting point of over 90% of all attempted cyber-attacks, and Verizon’s 2019 Data Breach Investigations Report reflects that nearly one-third (32%) of actual data breaches involved phishing activity. What’s more shocking is that phishing was present in 78% of cyber-espionage incidents and the installation and use of backdoors to networks. […]