The Hospitality Industry Under Attack - 0 views
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According to a study by the Ponemon Institute, the average consolidated total cost of a data breach is now $3.8 billion, representing a double-digit increase in recent years. In the United States, the country hardest hit by cybercrime, the average cost of a computer breach is now $6.5 million, well ahead of the global average.
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In order to combat cyber attacks within the hospitality industry, the National Restaurant Association and PCI Security Standards Council have partnered. They have created.. "Small Merchant Taskforce, which raises payment card security awareness for the hospitality industry." With cybercrime increasing it is a necessary step to take, not all businesses, especially small, can afford the "best" cyber security systems. This task force will help educate various members and help find solutions to protect businesses and customers. "A study by Verizon stated that 99 percent of breaches in 2014 were caused by known vulnerabilities with fixable patches." That being said, all business operators need to take the initiative and be proactive when it comes to handling customers' private information.
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I think one the biggest issues related to cyber attacks is that owners are not aware of the issue. So it is important to educate them and help them understand the importance to budget cyber security into their expenses. I am glad that the task force is taking that step to help protect business owners and customers from cyber attacks.