KI Data derives Risk Metrics from Aviation
From Drones to Cyber Risks
The rapid growth of drones – the commercial market in the US alone is expected to triple in size in the next five years – is one of the biggest aviation risk. Drones offer benefits to air traffic systems, such as the ability to conduct aerial surveys of terminal buildings, providing 3D maps of runways to identify maintenance work. maintenance and the ability to quickly detect foreign objects at the airport, thereby supporting security. Safety reports involving drones in the US increased from zero in February 2014 to more than 250 in June 2017 while the number of times a drone posed a danger to safety The safety of aircraft in UK airspace increased by more than a third in 2018 alone to 125. Even just a small number of drones can cause up to $10 million in physical damage if just hitting the plane’s engine. However, regulation continues to lag behind innovation.
Cyber risks such as hacker attacks, system outages, and data breaches ranked as key concerns for aviation respondents in the 2019 Allianz Barometer, survey of professionals. risk management professionals around the world, in the face of the closely related risk of business disruption. With its reliance on IT systems for booking, ticketing and flight operations, the airline industry is particularly vulnerable to BI events, from a malicious attack, human error or technical error.
KI Data provides a threat and risk map combined with alerts based on media and social media. The view provides logistics, shipping, and air operators with a complete Intel from the Sky on latest events associated risk.