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CyFly for Airports Product

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Covering 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 amongst the top three risks facing the transportation industry globally. Further to this study the recent Airport Risk Conference, hosted by Willis Towers Watson, also highlighted that cyber risk remains a key concern for the airport industry. Airports continue to expand their IT network perimeter to touch all aspects of airside and landside 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 unique to airports

In response to this dynamic risk environment, the multi-award winning suite of CyFly aviation cyber products has now been extended so as to specifically address airport cyber risks, going above and beyond off-the-shelf cyber coverage to address your key concerns.

Generic cyber insurance is unlikely to target specific areas such as:

  • Business interruption arising from outages sustained by third parties upon whose networks you rely (such as ATC and FBOs)
  • Regulatory costs and fines under cyber security legislation (such as the EU Network & Information Systems Directive) rather than just data protection legislation
  • Broad system failure business interruption extending to any unplanned outages rather than those arising only from hacks or negligence
  • Voluntary system shut-downs 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 (eg GDPR) and cyber security (eg NISD) fines

This customised airport product underwritten by leading cyber insurers 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 not only the loss of income caused by interruption to your own network, but also caused by outages sustained by a broad range of Fixed-Base Operators and other third parties such as:

TABLE: Air navigation service providers, refuelling, hangar operators, aircraft leasing, ground handlers, maintenance providers, baggage/cargo handling, airlines, security providers, airport management systems, retail, car parking 

Cyber Resiliency wheel: People + Capital +Technology / Assess + Protect + Quantify

What this means for you

If, for example, the air traffic control system upon which you rely suffers a network outage, it could easily result in closure of the airport which will impact you in terms of lost income and ongoing disruption. CyFly provides the opportunity to be compensated 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.