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The Cyber-Physical Risk Nexus - When Your Smart Home Policy Doesn't Cover the Hack
At 2:47 AM, hackers compromised the smart building management system of a Umhlanga complex. By 3:15 AM, they'd disabled the electric fence, unlocked the basement access gates, and disarmed the alarm system. By 4:00 AM, five units had been burgled. Total loss: R890,000. The body corporate's insurance claim was declined. The reason? "Cyber event causing physical loss." The building insurance policy covered burglary, but not burglary facilitated by hacking. The cyber insurance p
constant298
Oct 155 min read
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Are You Struggling to Get Insurance Cover for Your Sectional Title Scheme?
In the past few months, we’ve noticed a concerning trend in the sectional title industry, some schemes are finding it increasingly...
constant298
Sep 302 min read
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The Critical Importance of Public Liability Insurance in Sectional Title Schemes: Protecting Your Community from Devastating Claims
The reality of public liability in sectional title schemes
constant298
Sep 164 min read
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2G / 3G Ticking Time Bomb: Why Sectional Title Schemes Must Act Now
South Africa's mobile operators will be prohibited from activating any new 2G and 3G devices at the end of December 2024 with shut down of 2G and 3G networks by December 2027.
constant298
Jul 304 min read
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