You hear about it every day on the news, or perhaps recently received a notice in your inbox: there has been a data breach and your personal information is at risk. Just like any other business in the computer age, aviation businesses such as flight schools and FBOs are in danger of being hacked- putting their customer’s credit information in jeopardy. A data breach can be extremely costly for an aviation business – both for their reputation and financially.
Besides being hacked, human error is a common cause of a data breach within a business. Apogee Insurance Group’s estimates:
- 40% of the data breach cases are from people making mistakes, such as losing laptops and flash drives.
- 36% are system glitches, such as software updates, which inadvertently expose sensitive private files.
- 24% are malicious and criminal attacks.
In the case of a data breach, federal law requires your business to provide notification and credit monitoring to all exposed parties. This can cost anywhere from $150 to $300 per client! In addition, in can take up to 400 hours to resolve identity theft according to the Federal Trade Commission. Can your business afford a cyber security mistake?
For as little as $1,000 annually, a cyber liability policy is the perfect solution and peace of mind for your aviation business. In as little as four simple questions, the aviation insurance experts at Aviation Insurance Resources (AIR) can provide your company with a cyber liability insurance quote. If you are a current client of ours, all we need is your annual revenues-it’s as simple as that!
AIR provides a wide range of Aviation Insurance Services (AIR). To see how we can provide you a affordable insurance policy at the broadest coverage available call 877-247-7767 or visit us online at www.air-pros.com today!