INSURANCE NEWS

Why manufacturers need to do more about cybersecurity

Digital transformation through artificial intelligence, automation, data analytics, and cutting-edge technologies are helping shift Australian manufacturers into the fourth industrial revolution. But the benefits of advanced manufacturing come with more significant risks. Why is manufacturing at risk? Perhaps the biggest issue is that manufacturing companies don’t consider themselves at risk of a cyberattack, says cybersecurity […]

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Explainer: How Cyber Insurance Helps Your Business

Every 10 minutes on average, another Australian small business reports a cyber crime, according to the Australian Cyber Security Centre. And more than four in 10 cyber crimes committed in Australia target small businesses, says Business Australia. Scams and victim numbers are increasing. The government’s Scamwatch website reports $211M lost through scams from 1 January to 19 September last year [2021]. […]

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Increasing cyber threats to digital businesses

Australian businesses have embraced digital transformation (DT) with gusto. About two-thirds of businesses surveyed by professional services consultancy KPMG said they’d accelerated their DT strategy and boosted their budgets accordingly, thanks to the pandemic. As a result, KPMG points out five key challenges now facing online businesses that you should consider: Ramp up technology to link front, […]

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Manage the risks in your online business

Ecommerce continues to thrive, with Australia now being among the most attractive consumer markets on the globe. Australia tops the world for ‘digitally connected commerce’ for analysis of the market environment, ecommerce take up, penetration rates for digital commerce infrastructure, payments, and mobile device ownership. Last year, e-commerce sales increased by more than 22%, with […]

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Offering telehealth? Time to update your cyber security risk management

Around the globe, people are using telehealth 38 times more than before the pandemic, and that’s happening for virtual evaluation, advice, diagnoses, and sometimes treatment, says professional services firm KPMG. We’ve also seen the advent of virtual rooming assistants who admit patients into digital exam rooms. They take notes about medical histories, saving health care providers time […]

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