Skip to main content
Opens in a new tab External site
Banks and Payment Processors Now Able to Offer Data Breach Protection to Millions of Small Businesses
Industry-leading solution from Aon supports efforts to secure payment processing
Chicago
NYSE: AOC

CHICAGO, Sept. 21, 2009 – Aon Corporation (NYSE: AOC), the leading provider of global risk management and consulting services, announced today the launch of a merchant data breach protection program that protects small businesses from related fines and penalties.


Ninety percent of cardholder data breaches happen in small businesses or in companies that process fewer than 20,000 transactions each year1. A single breach can cost a merchant thousands of dollars in reputation damage, lost business, forensic costs, penalties and payment card industry fines. The cumulative effect can put a company at risk for bankruptcy. Now, banks and payment processors can offer these small businesses financial protection through Aon's merchant data breach protection program, which:

  • Expands upon existing payment solutions to include privacy and security data breach protection, resulting in improved management of a merchant’s payments business 
  • Addresses on an international basis financial exposures in the form of forensic costs and payment card industry fines 
  • Enables merchants to assume a market-leading advantage over competitors 
  • Offers increasing levels of protection based on the security needs of the merchant 
  • Provides coverage for liabilities not covered under standard professional liability and general liability policies
     

"Data security is a top concern for every business that accepts credit and debit cards," said Michael O'Connell, managing director of Aon's financial institutions practice. "Aon’s merchant data breach protection program enables banks and payment processors to offer a much-needed layer of security to their small business clients by limiting their liability, thereby helping to stabilize the cost of doing business."

Follow Aon on Twitter: http://www.twitter.com/aoncorp
Sign up for News Alerts: http://aon.mediaroom.com/index.php?s=58

About Aon
Aon Corporation (NYSE: AOC) is the leading global provider of risk management services, insurance and reinsurance brokerage, and human capital consulting. Through its more than 37,000 colleagues worldwide, Aon readily delivers distinctive client value via innovative and effective risk management and workforce productivity solutions. Aon's industry-leading global resources and technical expertise are delivered locally through more than 500 offices in more than 120 countries. Named the world's best broker by Euromoney magazine's 2008 and 2009 Insurance Survey, Aon also ranked highest on Business Insurance's listing of the world's largest insurance brokers based on commercial retail, wholesale, reinsurance and personal lines brokerage revenues in 2008. A.M. Best deemed Aon the number one insurance broker based on brokerage revenues in 2007 and 2008, and Aon was voted best insurance intermediary, best reinsurance intermediary and best employee benefits consulting firm in 2007 and 2008 by the readers of Business Insurance. For more information on Aon, log onto http://www.aon.com.

1 Trustwave; www.trustwave.com 

###
 

Media Contact:
Cybil Rose
312.755.3537
cybil.rose@kemperlesnik.com
 

 

Media Resources

Access international media contacts, the full library of Aon media releases, and a media kit with fact sheet and executive bios, via links below.

Media Contacts
Media Releases
Media Kit
Featured Updates