By Newsbreak Producer Tashlan Naidoo - Global financial services company, Allianz Commercial has noted a rise in businesses across the globe insuring against cyber threats as ransom-ware attacks and related cyber breaches are on the rise. According to the Allianz Commercial Cyber Security Resilience Report for 2024, large cyber claims, over one-million-Euros or over 19-million-rand, surged by 14% in the first half of 2024, while their severity escalated by 17%. Mukondeleli Masiza, Complex Claims Handler at Allianz Commercial says while early detection, swift action, and risk transfer solutions are necessary on the part of a business, cyber insurance is critical for the financial safety of a company...