⸺ Cyber Liability Insurance
Cyber insurance for aerospace.
Aerospace manufacturers, defense contractors, aviation service providers and their suppliers depend on connected design, production and supply-chain systems to meet demanding contractual obligations. CyberBreach™ helps protect aerospace organizations from the financial and operational impact of cyberattacks, system failures and electronic fraud.
How cyber insurance helps aerospace companies.
Keep programs
on schedule.
Aerospace runs on tiers of subcontractors, machine shops, software providers and logistics partners. Attackers know that a smaller supplier is often the easiest route into a larger contractor.
Where an incident begins outside your own network, cover can respond to your own loss and to covered third-party claims, with specialists who can establish the scope and coordinate the response.
Protect the information
years went into.
Engineering drawings, propulsion and testing data, program documentation and supplier specifications represent years of investment, and they sit on systems connected to everything else in the business.
Cyber insurance provides resources to investigate what was accessed, obtain legal guidance, recover data and respond to the customers and contracting partners who need to be informed.
Respond when a supplier
is the way in.
Aerospace runs on tiers of subcontractors, machine shops, software providers and logistics partners. Attackers know that a smaller supplier is often the easiest route into a larger contractor.
Where an incident begins outside your own network, cover can respond to your own loss and to covered third-party claims, with specialists who can establish the scope and coordinate the response.
A stopped line becomes a missed delivery.
Cyber insurance helps protect aerospace organizations against the financial loss resulting from cyberattacks, system failures, supply-chain interruption and electronic fraud.
⸺ Understanding your policy
What the policy
actually pays for.
A CyberBreach™ policy combines several areas of cover that work together, backed by Lloyd's of London.
01
Cyber Extortion & Ransom
Cybercriminals can hold your business hostage and demand payment to prevent disrupting systems or exposing confidential information. The financial fallout can be devastating. Cyber extortion coverage protects a business against damages and expenses from extortionists threatening to launch a cyberattack, steal data, or disrupt systems.
02
Incident Response
A cyberattack can happen to a business at any time. Incident response coverage provides immediate access to the right experts to help contain the damage, notify the right people, and recover as quickly as possible.
03
Regulatory Fines & Penalties
Helps an organization cover the costs of investigating, defending against, and paying civil fines/penalties levied by government agencies or industry bodies following a data breach or security failure.
04
Cybercrime & Electronic Fraudulent Instruction
Fraudulent emails and fake payment instructions can fool even the most careful employees. If this happens, you need coverage to protect your business from a financial loss caused by cybercriminals tricking employees into transferring funds or data, or by hijacking systems to steal assets.