COMPLY WITH DIRECTIVE 7 BY FRIDAY OR FACE THE CONSEQUENCES, SAYS FIC

Accountable institutions that ignore Directive 7 and fail to submit a risk and compliance return (RCR) by Friday face being sanctioned by the Financial Intelligence Centre (FIC).

Demand for cyber insurance expected to surge as global cybercrime losses soar

Ryan van de Coolwijk, the head of cyber insurance at iTOO Special Risks, highlights the increasing adoption of cyber insurance among South African companies.

FSP ordered to compensate client for R3.1m following cybercrime loss

A recent High Court ruling underscores the fiduciary duties of financial services providers in the context of escalating digital threats.

Webinar explores AI as new IT risk management standards take effect in financial services

As the finance industry adjusts to the new Joint Standard principles, MBSE is delving into the world of AI and its impact on cybersecurity controls in an upcoming webinar.

Webinar: Transform the way you think about digital defence in the financial industry

As the Joint Standard for handling IT risks takes effect, FSPs must begin to familiarise themselves with establishing a resilient IT risk management framework.

Unlock the potential of AI in cybersecurity: webinar on the importance of reducing human cyber risk

Join Moonstone Business School of Excellence for an eye-opening webinar that will transform the way you think about digital defence in the financial industry.

Cyber insurance: ‘brokers have their work cut out for them’

Business owners may be labouring under a false sense of security when it comes to the extent of their liability cover.

Cyber threats meet AI: navigating the landscape of evolving cybersecurity

Artificial intelligence and machine learning algorithms have the potential to revolutionise how we protect ourselves online.

Read, understand, and critically examine before you click

Online fraudsters are employing increasingly sophisticated techniques to scam the public out of their personal details and money.

Become a human firewall – defend yourself against rising cybersecurity threats

A report on global email security projects a staggering $8 trillion cost due to cybercrime. Amid these escalating threats, an unexpected factor emerges: human error.

Why the High Court rejected PSG Wealth’s defences against liability for client’s loss

PSG contended its liability for loss could not include instances where the client’s computer was hacked because of his negligence.

Financial services firm caught in email fraud must reimburse client

Hacker gets away with R800 000 after duping PSG Wealth employees twice within 10 days.

Santam alerts advisers to email interception cyber scam

Provides guidelines on how to avoid being caught out.

Cybercrimes and business interruption: what to look out for in policies

Many businesses are operating under the false belief that their insurance policy adequately covers data security and privacy exposure.

Conveyancing attorney liable for R1.4m after fraudster intercepts email

Attorney also sought an order holding Standard Bank liable if the court found that he had to pay the respondents.

Is business email compromise also a threat to advisers?

The recent findings against prominent legal persona might be a timely warning for the financial services industry to take preventative action.

Cybercrime judgment has implications for FSPs that email bank details to clients

ENS was aware that business email compromise attacks were rife in the conveyancing industry, judge says.