Author: Ryan Boyes

Cyber insurance has typically been a grudge purchase, but it is rapidly becoming something businesses cannot operate without. While it is not a legal requirement in South Africa, organisations are now expected to have cover in place before partners, suppliers or customers will engage with them. At the same time, insurers are now requiring clear evidence that appropriate security controls and governance processes are in place before providing cover. This is shifting the role of cyber insurance. It is no longer only about financial protection after an incident, but also a practical way for organisations to demonstrate that they have…

Before the internet, businesses tended to operate in smaller areas and in a very siloed manner. Today, however, there is a global online economy, and the geographical boundaries that limited business operation areas have fallen away. The ease of access to information has become critical to successful operations, and the ability to leverage data has become a point of competitive differentiation. However, the global, borderless nature of business also introduces risk; there are multiple applications, systems, and end points, all of which represent potential vulnerabilities. While the ability to work anytime, anywhere aids productivity, it also increases the complexity of…