Cybersecurity revenues in tourism to exceed $2B - hotelbusiness.com - 0 views
hotelbusiness.com/venues-in-tourism-to-exceed-2b
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cybersecurity will generate revenues of $2.1 billion in 2025 in the travel and tourism industry, up from $1.4 billion in 2021, forecasts GlobalData, a leading data and analytics company.
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highlights the growing demand for cybersecurity products and services by travel and tourism companies in order to protect their customers’ personal data.
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Travelers now expect a seamless experience while traveling, resulting in companies using technologies such as Internet of Things (IoT) and cloud. However, this has made the sector vulnerable to cybercriminals as these technologies collect more personal and sensitive but valuable data.”
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A string of high-profile attacks in the industry has led to the scrutinization of cybersecurity strategies, with regulators now clamping down and fining companies that fail to protect their customers’ data.
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Therefore, the risk of cyber-ignorance is escalating, and tourism companies need to start taking cybersecurity seriously.
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“Effective cybersecurity strategies must involve contingency planning, as merely investigating an attack in its aftermath
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“Hiring a CISO is a good start but if travel and tourism companies want to prove that they are committed to cybersecurity,
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This article is about the demand for cybersecurity products and services. Using more technology has made our industry more vulnerable and a lack of protected data can leave a company's reputation at risk. It mentioned how cyber-ignorance can be more costly in the long run. Hotels need a contingency plan to be proactive and not reactive.