After a successful 2016 edition of the Cybercrime and Insurance Conference, we are back again this year with a platform where organisations will get to know more on cyber security strategies, how to adapt to the technological innovations and how to make businesses safe.
THERE is no doubt that cybercrime continues to be a serious challenge that companies and individuals are grappling with the world over. Businesses all over the world are battling to close the cybercrime security gap given the continuous growth in cloud computing, mobile and the Internet of Things (IoT). This can be attributed to the advancement of technology and the ability to use the innovative new business models and this has changed the way business is being conducted.
This means that the risks of potential cyber-attacks also increase with the advancement of technology. As such, it has become very complicated and costly for businesses to keep on top of the game to avert these attacks. Although various security measures are being put in place, Cyber security alone is not adequate as cyber criminals are often protected by the layers of high-tech encryption and technology. It is therefore important that organisations move with times in terms of technology and when it comes to managing cyber threats.
With over $500-billion plus said to be lost to cybercrime annually, South Africa alone ranks third in the world for the number of hacked devices. The insurance industry has not been exempt from this disruption that is coming with these technologies.
Cyber-attacks can disrupt the smooth functioning of an organisation due to the extent of financial, income loss and reputational damages that it is capable of. A comprehensive cyber-attack insurance cover continues to be a pertinent part of any company as none is immune to a cyber- attack.
Insurance companies continue to face this challenge as the attacks are not specific to any sector or organisation. Cyber criminals are adaptable and are not motivated by money alone. Cyber criminals now look for innovations, blueprints, digital certificates and physical access codes amongst other motivations. Traditionally, insurance organisations have had the responsibility to managing risks, but due to the nature of cybercrime and its devastating results, a holistic and measured approach is required to combat cybercrime.
In the face of insurers facing an all-time low retention rate, backed by growing customer demand and rising concerns about cybercrime, it is high time that organisations adapt their systems accordingly in the fight against cybercrime.
This two-day conference is geared towards examining how technology such as use of Big Data and analytics, mobile, internet of things can be adopted by companies to address the cybercrime threats. The increasing demand for cyber insurance, various cyber incidents, crisis management and the measures to mitigate cybercrime will be discussed at the conference amongst other topics.
B2B (Business-to-Business) is a situation where businesses do business with each other, as opposed to businesses doing business with the final consumer. Worldwide, the growth of B2B has been tremendous – research and advisory firm Frost & Sullivan projects B2B and retail e-commerce will hit $12 trillion worldwide by 2020 – up from m$5.5 trillion in 2012 – and says it was tops among up-and-coming industries in innovation and market attractiveness.
If the march toward a digital future for B2B is a given, it is also true that the march is slow, unsteady and stumbling at times. Especially in South Africa, where the technology has many times been found wanting in delivering a seamless experience up and down the supply chain. Adoption of the B2B principles of operation has been a slow burning process in South Africa; and this plodding along can lead to loss of actual and potential revenues. Millions in sales can be lost due to systems that are less than optimal for the customer experience.
At the inaugural event in November 2016, delegates to the Drones Conference organised by Vukani Communications had their eyes opened to a wealth of opportunities where they can use drones to lessen the heavy physical burden of work at their premises.
Robust discussion centred on how drones have provided the agricultural sector with a smart way of inspecting the health of their crop without farmers having to resort to physical means of traversing the great lengths of their farms; how municipal authorities can map out whole cities and towns from the comfort of their offices; how medicine can be delivered to remote areas that are very difficult or impossible to access via conventional transport means; how you could measure stock piles on mines without exposing physical manpower to the dangers of climbing unstable piles – among many other uses that delegates got to learn of.
This year the conference will go deeper. To be held at the Emperors Palace Convention Centre, the Drones Conference 2017 edition will comprise breakaway sessions where professionals in various industries – Mining, Agriculture, GIS, Land Surveying, Recreation included – will get ample time to explore and go deeper into how UAVs can be put to optimal use in their field of expertise. The conference will also tackle the technical aspect of drone use; there will be expert analysis of how data is gathered and processed and how it will be interpreted in the overall context of an organisation. The presentations will be accompanied by live demonstrations of drones at work, as well as an exhibition place where a comprehensive variety of UAVs will be on show.
And since the issue of drones occupying our airspace ultimately rests with regulation from SACAA, there will be an in-depth presentation from the regulating authority, where delegates will learn the requirements for getting an operator’s licence and answers to their questions.