Cybersecurity risks shaping hospitality in 2022 | Wipfli - 0 views
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A breach could have enormous impact on consumer confidence and bookings. Hackers can takeover mechanical systems and shut down facilities.
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The average cost of a data breach is $4 million on top of revenue losses due to long-term damage reputations.
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Hotels also face risk from inaction; guests may perceive low-tech processes as a lack of amenities or as less safe.
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Outsourcing can speed up development and deployment – but has huge security implications so vendor evaluations need to be thorough.
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Data compliance and cybersecurity training should occur annually, at least. “Secret shopper”-style testing can happen year-round.
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Create a standard interrogation procedure to evaluate and measure the stability of each potential partner and solution
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Nearly 90% of hacking incidents involved some sort of credential abuse. Hotels can activate multifactor authentication to improve security instantly.
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For example, is the vendor in a secure financial situation? Does its geography or location create vulnerabilities? How does it secure its data and property?
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As cyber threats increase, large groups and conventions may require cyber insurance as part of their booking contract.
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A consistent and thorough evaluation process can lead hotels toward a solution that works for everyone – creating a secure and efficient work environment and a safe and inviting guest experience.
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This article addresses the cybersecurity trends in hospitality for 2022. They talked about the risks for the hospitality industry and how much it can cost the company if there is a breach. It also talks about how bringing third party vendors in can be a risk to your company. It ends by talking about how to protect todays infrastructure by locking down logins, empowering staff, making a plan, and getting insured.