South Africa has seen a dramatic rise in cyberattacks and successful breaches during the past two years as well as an accompanying surge in ransom demands.
In the most recent high-profile attack, to credit reporting agency TransUnion South Africa, they revealed that at least three million South Africans have been impacted by a data hack, with a ransom demand of over R220m.
Check out the article below to find out how the effects of cyber warfare pose as a risk for Insurance companies and their product offerings.
Click here to read the article.
Article by FA News