Advantage Microsystems and AAAtraq seal partnership

Society’s reliance on the internet is increasing year-on-year, with COVID-19 only serving to accelerate this trend. Research by ACI Worldwide1 in the spring of last year showed that transaction volumes across most retail sectors saw a 74% rise in March compared with the same period in the previous year.

Even as the pandemic dissipates this upward trend will continue, increasing online risk for all organizations.

Cyber liability insurance traditionally safeguard’s against risks such as malicious hacking and more recently, privacy and data protection. But cyber cover has not evolved to protect against content failure—an emerging risk driven by shifting internet usage patterns—leaving many exposed.

People with disabilities rely on the internet to access services that are central to their lives. The American Disabilities Act (ADA) protects against discrimination on the basis of disability, safeguarding the rights of individuals to have equal access to services.

Digital complacency is increasing online content failure and with it organizations’ ability to comply with the ADA. Site owners face very real risks from litigation and brand reputational damage that is costing organizations across the USA over $1 billion per year.

“We’re always looking to expand our range of support to clients and the addition of AAAtraq’s service is a perfect accompaniment,” said Advantage Systems CEO, Steven Hart. “Our clients are more exposed now to litigation from failure to comply with the ADA than ever before, so being able to help them reduce this risk is a real positive for our organization.”

AAAtraq is designed for risk managers to understand, achieve and maintain their organization’s compliance with the ADA. A strategic, principle-driven, pathway ensures compliance can be achieved quickly, at minimal cost and without technical distractions.

“Data protection, blocking access to systems and other cyber risks remain a huge problem for society. However, the everyday business owner faces additional risks that are not yet covered by the typical cyber liability policy,” said Lawrence Shaw, CEO of AAAtraq.

Gallagher, the world’s largest independent insurance broker, were instrumental in creating the partnership through their strong technology positioning in the market. “Gallagher are continually looking to innovate by bringing cutting-edge risk reduction solutions to market,” Said Steven Hart.

1 https://apnews.com/press-release/business-wire/b6847791fbed49af98a47d1dcd6293a7