YES! 29.6% of companies will experience a data breach in the next two years. There were 5.5 billion malware attacks globally in 2022, up 100 million in 2021. The number of data breaches in the U.S. has significantly increased within the past decade, from a mere 447 in 2012 to more than 1,800 by 2022. 60% of companies that experience a data breach go out of business within six months due to non compliance with costs averaging around $210 per customer.

All companies that collect and store a customer’s email, phone number, and or any billing information must comply with the FTC Safeguards Rules and with each state’s data breach laws.

FYCP surpasses insurance in efficacy and coverage. Unlike cybersecurity insurance, which merely provides funds and leaves companies to manage mitigation and financial responsibilities, FYCP offers a holistic approach. Cybersecurity insurance payouts often fall short, accompanied by pages of criteria that allow denial of claims. FYCP, on the other hand, ensures compliance, handles paperwork, and actively engages in mitigation when a data breach occurs. We don’t simply provide insufficient funds for you to navigate a problem; we immerse ourselves in resolving the issue, making it disappear

In the face of a data breach, insurance falls short in addressing the core issues neglecting the fines, compliance challenges, and the essential support needed. Insurance companies typically initiate the process by attempting to deny claims, and even if approved, the payout often fails to meet the extensive needs of a company navigating a breach. The funds provided are insufficient to cover the extensive damages, leaving the besieged company to fend for itself amidst legal pursuits, government penalties, and the draining effort to manage the breach fallout.

Enter FYCP, where facing a data breach transforms from an insurance claim nightmare to a seamless process. Instead of grappling with complexities, the company simply notifies FYCP, and from there, FYCP efficiently handles all mandatory government and customer notifications. Beyond that, FYCP takes charge by monitoring and rectifying each customer’s credit for an extensive two-year period or for the duration of their association with the company. This comprehensive approach ensures that the company remains in compliance, sidesteps potential fines, and maintains satisfied customers, all while FYCP takes care of every intricate detail.

Don’t worry, we got you. When a data breach occurs, you notify FYCP immediately. We file the correct paperwork with all required government entities in all 50 states. We then contact all of the customers and inform them of the breach as required by law. We let all of the customers know there has been a breach, but not to worry, FYCP is here to monitor and protect their credit and repair any damage to their credit. With this immediate action, we eliminate the massive fines, and keep your customer loyal to you.

Distinguishing ourselves as the sole provider of a holistic data breach mitigation approach, we stand apart in the industry. While cybersecurity insurance provides only partial compensation in the event of a breach, it significantly falls short in both financial coverage and service provisions when the critical moment arrives. Other data breach support companies are reactive resulting in exorbitant expenses for businesses in fines and fees. In contrast, FYCP, born out of the data breach industry, rises to the challenge by adeptly addressing compliance and mitigation hurdles, offering a distinctive and all encompassing inexpensive proactive solution.