November 16, 2020
Cyber Liability for Freight Brokers
The cyber liability threat continues to grow everyday and transportation businesses can be prominent targets based on the large amounts of information that are stored electronically and in the cloud. Many CRM’s can contain a large volume of information on shippers, motor carriers, and customer data. In addition, sensitive pricing and payment information can be stored in these different customer and company platforms. It is imperative that companies strongly examine their cyber risk and insure them accordingly.
The loss of third-party information and sensitive information can trigger costly repercussions to the freight broker. The sheer amount of transactions in some freight broker platforms can be thousands of transactions per day and all it takes is potentially one employee to make one mistake to put the whole organization at risk. Reliance offers comprehensive third-party and first-party insurance solutions for cyber risk in the transportation marketplace. Call us today to get started.