CyFly for Airports covers the unique cyber risks airports face every day
Cyber risks are a top priority in the airport sector as the use of technology becomes increasingly integrated into business processes.
The Willis Towers Watson Transportation Risk Index identified cyber and digital risk among the top three risks facing the transportation industry globally. Further, the Airport Risk Conference, hosted by Willis Towers Watson, also highlighted cyber risk as a key concern for the airport industry. Airports continue to expand their IT network perimeter to touch all aspects of air and land operations. These increased dependencies can result in significant financial damage and long-term reputational harm should an airport or one of its partners sustain IT outages or hacking attacks.
Our cyber proposition is unique to airports
We've responded to this dynamic risk environment by extending our multi-award winning suite of CyFly aviation cyber products to specifically address airport cyber risks, surpassing off-the-shelf cyber coverage to relieve your key concerns.
Generic cyberinsurance is unlikely to target specific areas such as:
- Business interruption caused by third-party network outages (such as air traffic control (ATC) and fixed-base operators (FBO))
- Regulatory costs and fines under cybersecurity legislation (such as the EU Network and Information Systems Directive (NISD)) rather than just data protection legislation
- Broad system failure business interruption extending to any unplanned outages rather than specifically from hacks or negligence
- Voluntary system shutdowns to mitigate business interruption exposures
- Claims preparation costs to avoid the delay and expense ordinarily associated with business interruption claims
- Deemed insurability language aiding recovery of both data protection (e.g., General Data Protection Regulation) and cybersecurity (e.g., NISD) fines
This customized airport product underwritten by leading cyberinsurers is further enhanced by pre-loss risk management solutions and post-event incident response.
Introducing CyFly's unique approach to include your risks from third-party IT networks upon which you rely
CyFly uniquely covers both loss of income caused by interruption to your own network, and outages sustained by a broad range of FBOs and other third parties such as:
What this means for you
If, for example, the ATC system upon which you rely suffers a network outage, it could easily close the airport causing lost income and ongoing disruption. CyFly can provide compensation for this loss of income and ongoing costs.
Why Willis Towers Watson?
More than half of all cyber incidents begin with employees, so it's a people problem as well as capital. We believe no one decodes this complexity better than Willis Towers Watson. As a global leader in human capital solutions, risk advisory and broking, we are well-prepared to assess your cyber vulnerabilities, protect you through best-in-class solutions and radically improve your ability to successfully recover from future incidents.
