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Risk Management

How modern security systems can assist retailer

Theft does not always happen in the form of a holdup at gunpoint, as we see in the movies. In reality, it's something much more subtle than that; it can be an opportunist taking advantage of staff shortages, human error, or organised crime targeting vulnerable and unprepared businesses. 

So, how do you keep yourself, your business, and your customers safe? Many business security systems are available, and we can tailor them to meet specific requirements. 

Every business's ideal system looks different, and with so many options available, you may be wondering where to start. To guide this process, experts in security solutions can present you with the best options for your company.

Read on to learn more about how security solutions can work for you.

Santam launches digital insurance for micro township enterprises starting at R75

Santam has launched a digital insurance product for micro township enterprises, which will cost between R75 and R195 a month, providing these businesses with financial security and recovery in the event of a loss.

The product offers three cover options at different price points. The Starter solution is available at a monthly premium of R75, the Standard option costs R125 per month and the Premium solution is available at R195.

Armour up: protecting yourself from DDoS attacks

Article written by Tarquin Rohlandt (Executive Head: Connectivity & Services at Liquid Intelligent Technologies)

Picture this: It’s Black Friday and it’s time to take advantage of the massive sale on your favourite online shop. You’ve been receiving emails all month in the run-up to the day and you’ve bookmarked several items that you just have to have – and their prices for one day only are ridiculously low. You open the browser, head to the store and….

You find yourself staring at a blank page. The service is unavailable. You refresh. You close the browser and reopen it. You clear your cache. You restart your modem. Rinse, repeat. Still nothing. The site is down.

Why perimeter security is the first line of defense

Between October 2020 and October 2021, the number of property-related crimes in South Africa dropped by 7.7%.

This drop has been partly due to local businesses' increased implementation of advanced security systems. Suppose you've not yet done the same but need to upgrade the perimeter security of your business. In that case, there are several options available, and understanding how they work is essential in deciding which method is best for you.

Read on to learn more.

Why you should install automatic number plate recognition security

What are automatic number plate recognition systems? These security solutions, also known as ANPR, are used by law enforcement agencies, toll collectors, and more to aid with, amongst many others, stolen vehicle detection, ticketless parking, and smart billing. 

They offer many benefits to business owners who use ANPR security solutions on their properties. 

To learn more about the benefits of security and an automatic number plate recognition system, keep reading this article for everything you need to know about an ANPR security system.

Cybercrime: The greatest business risk of our time

If you’ve found yourself weighing up whether you should spend more on your business’ cyber security measures; the answer is YES – do it, and do it now.

Contrary to common misconception, it’s not just large multinational companies that are at risk. Any business that transacts online, stores or processes credit card data or sensitive third-party data faces significant risk. Many local SMEs have fallen victim to cyber-attacks. According to the 2022 SHA Risk Review, one in three South African SME respondents had suffered a cyber-attack as follows: malware 30%, phishing 26%, ransomware 25%, denial of service 13% and theft of funds 13%. And what’s more concerning is that 53% of SMEs that fell victim to ransomware attacks did not recover their data.

Small businesses urged to ‘go solar’ following the 2023 budget speech

If anything, the 2023 budget speech revealed that devising a targeted plan to solve South Africa's ongoing energy crisis remains the government's top priority. The immediate future will see a concerted and collective focus on bringing together the public and private sectors in a bid to fuel the clean-energy transition and end loadshedding. For small businesses looking to ride this wave on the path to post-pandemic recovery, the key is to "go solar".

Where does cyber security fit into the risk ladder for a business?

Cyber risk has become a major risk over the last few years, and today it has become a priority for many companies based on size and sector. From a regulatory standpoint, it's an area that regulators and rating agencies around the world are looking at very closely. Cyber risk is now one of the top three international barometers of corporate risk: the number of victims of major cyber-attacks has increased significantly over the past few years.

Personalised cover for the affluent segment

Article provided by Santam

In today’s ever-changing environment, it’s important to ensure you have the correct insurance cover that meets your needs. Santam’s Personal Lines Executive Product was launched in early 2020 specifically to provide a premium insurance solution for affluent individuals.

The Executive Product forms part of Santam’s Segment Solutions – a business unit that focuses on relevant consumer and business segments by providing packaged solutions around risk with in-depth knowledge and value for those segments. One of the key features of Segment Solutions, including the Executive Product, is that, over and above providing value, it also provides brokers with specialist knowledge, support, underwriting and risk management. Karen Muuren, Head: Segment Solutions at Santam, answers the most pressing questions about this new product – and why it’s worth considering.

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