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Tag Archives | DATA

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Data breaches becoming more common – Cybersecurity needs to be top priority

Another day, another data breach. South African businesses are becoming more susceptible to cyberattacks and seem to be easy targets for criminals. Data breaches are now a common phenomenon with Nedbank, Momentum, Lombard Insurance, Experian and Stefanutti Stocks making headline news in the last few weeks and months. According to Cybersecurity expert and J2 Software […]

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Competition Commission data challenged

Legalbrief Today recently reported: The Competition Commission’s preliminary report into the private healthcare industry came under fire at the Hospital Association’s annual conference recently when a lawyer described the data as flawed. According to a Beeld report, Anthony Norton, of law firm Nortons Inc, said in his presentation the findings and recommendations of the commission […]

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Protection of data

Protection of data – become familiar with the requirements On May 25, 2018, the European Union’s General Data Protection Regulation (GDPR) came into force. The GDPR standardises data protection law across all 28 EU countries and imposes strict rules on controlling and processing personally identifiable information. Closer to home we have POPI, the Protection of […]

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Getting More from Data

The use of data, and protection of confidential client information, will play an extremely important role in the future of financial advisers in South Africa. Whilst it makes good sense to invest in technology in order to comply, one should consider actually finding a solution that will, at the same time, enable one to use […]

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Client engagement

Bringing back the human element in client engagement

Here’s a novel revelation.  It turns out customers are also human, after all.  It fascinates me that in many industries and businesses we seem to have forgotten that customers (those folk that buy and consume, pay bills and keep businesses afloat) are actually human beings.  When did that undisputable fact get lost?  We now have […]

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FIC Feed back

Growing importance of Data

At the 2016 Insurance Regulatory Seminar held in Cape Town last week, Farzana Badat, Head of Insurance Compliance went to great lengths to illustrate the importance of “…reliable, dependable, quality data… to articulate conduct risks more precisely and makes compliance much easier to demonstrate.” The Binder Regulations Thematic Review, conducted by the Insurance Division of […]

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