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teresaricks

Cyber Security In The Hotel Industry | protel - 4 views

  • And phishing isn’t the only strategy these computer thugs use, either. Just about every hotel in the world could be vulnerable to malware, ransomware, spam, hacking and social engineering. 
  • The argument for educating staff on cybersecurity is a simple one: if staff don’t know how to recognize a security threat, how can they be expected to avoid it, report it, or remove it?
  • the 2019 State of IT Security Survey found that email security and staff training were listed as the top problems faced by IT security professionals.
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  • Yet, more than 30% of staff surveyed by Wombat Security Technologies didn’t even know what phishing or malware was. This is probably why scams like the Business Email Compromise (BEC) result in whopping losses of over $3 billion (according to the FBI).
  • But as humans, hoteliers make mistakes, they’re trusting of fake identities, tempted by clickbait, and vulnerable to other sneaky tactics used by criminals to gain access to company information.
  • Staff need cybersecurity training to protect themselves and the hotel against cyberattacks.
  • By making employees aware of security threats, the impact they might have on your business, and what procedures to follow when a threat has been identified, you’re strengthening the most vulnerable links in the chain.
  • So how do we counter these threats? Education, education, education. 
  • To achieve these record levels of data breaches and cyber-threats, cybercriminals are focusing their attention on the manipulation of human behavior.
  • The World Economic Forum in their latest report, The Global Risks 2019, puts cyber-attacks and data theft into the higher-than-average likelihood bracket during 2019.
  • Security awareness training is not a point event or solution, it is a process. Security awareness comes out of a series of ideas, thoughts, and preparations that are used to develop a holistic security awareness training program.
  • Identify the Specific Cybersecurity Needs of the Hotel/Property   
  • Include Cybersecurity Awareness Training During Onboarding
  • Cover Relevant Topics
  • Make Staff Cybersecurity Training An Ongoing Process
  • We all make mistakes and occasionally slip up. It is really important that staff know that they can come to you and that they are free to report problems without there being a risk of them losing their jobs. This will come from your personal management style. 
  • Cybersecurity is everyone’s responsibility, whether you are C-level, management, accounting, housekeeping, maintenance, or reception, it does not matter. Everyone needs to be made aware of the hotel’s individual Cybersecurity policies, attitude, and culture. 
  • Continuously send reminders via email, Slack, or any other messenger your hotel may be using with reminders to change passwords, to update anti-virus programs, and with information about the latest phishing techniques.
  • If you create a culture of cybersecurity awareness within your organization, then the chances of your organization becoming a victim are greatly reduced.
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    This article stresses the importance of providing cybersecurity training to staff in the hospitality industry.
lethannelson268

FBI Warns of Cyber Security Risk for Workers on Hotel WI-Fi | The National Interest - 0 views

  • The FBI has now issued a warning that those working in that manner may face extra risk of being hacked, and that they should be vigilant about protecting their devices and information while working on hotel Wi-Fi
  • The Federal Bureau of Investigation is issuing this announcement to encourage Americans to exercise caution when using hotel wireless networks (Wi-Fi) for telework
  • accessing sensitive information from hotel Wi-Fi poses an increased security risk over home Wi-Fi networks
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  • The report states that hotel Wi-Fi often has more lax security than other types of common Wi-Fi networks, and that attacks are frequently interested in obtaining guests’ information, including credit-card numbers, as well as business data
  • “Evil twin” attacks, in which hackers create fake Wi-Fi networks similar to those of the actual hotel, can also happen
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    This article highlights the need for hotel guests to be weary of the fact that the use of a hotel's Wi-Fi is not always secure. With more hotels opening up for guests to use their rooms and spaces as work offices, the FBI has stated that with the limited cyber security that hotel Wi-Fi has, it is possible for hackers to create fake Wi-Fi networks and steal or damage guest data. The article makes it known that it is much safer to use the network at home, that that at a hotel.
leonfai

Why cybersecurity matters | Hotel Management - 0 views

  • Cybersecurity is not just a buzzword. In today’s technology-abundant world, it has become a critical undertaking for companies across all industries—including hospitality.
  • Trustwave’s "2018 Global Security Report" lists hospitality as one of the top three industries most vulnerable to payment card breaches. Other estimates project that hotels are the unwelcome recipients of around 20 percent of all cyberattacks.
  • Additional anecdotal evidence supports these numbers. One need not look further than Marriott International’s Starwood Hotels & Resorts Worldwide group, which recently disclosed the theft of more than 25 million passport numbers and 380 million unique guests’ personal information.
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  • After all, the industry has been and continues to be focused on cultivating a user-friendly atmosphere. Unfortunately, for hackers this combination is nothing short of a gold mine.
  • Since a businesses' hard-earned reputation relies heavily on instilling confidence in its customer base, a breach of trust is sure to compromise that relationship. If an attack affects millions and is publicized to millions more, the impact on brand equity can be difficult to recover. 
  • Marriott, for instance, was criticized not only for the breach, but also for responding inadequately and unprofessionally.
  • In short, as more and more consumers become aware of the importance of reliable cybersecurity, a hotel that neglects this pain point is compromising the strength of its product among its competitive set. 
  • Considering that the annual frequency and severity of cyberattacks are only rising, the time is now to establish organizationwide security operations, recovery plans and budget allocations.
  • a cohesive top-to-bottom strategy is required and often is best delegated to a trusted strategic advisor with depth of experience in cybersecurity breach prevention and resolution.
  • Next, the goal becomes full-scale protection. From the technical side, this includes setting up firewalls and securing weak points (such as point-of-sale terminals).
  • There needs to be an efficient method for detecting the attack and mitigating any damages. Lastly, to avoid the pitfalls noted above, a predetermined plan to address this worst-case scenario is vital. From reviewing insurance policies to preparing for impending litigation, recovery is a process best started with a go-to advisor before it is needed. 
  • The only way to avoid being another statistic in future Internet crime reports is by staying as ahead of the looming threats as possible.
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    This article talks about how cyber security is very important to the safety of the personal information.
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    Author, Lena Combs, discusses why hospitality has become vulnerable to cyber attack. Ranging from the failure to secure POS systems and credit card data. To hotels' inability to detect and effectively respond to potential cyber threats. Combs outlines the steps involved in implementing a cohesive top- to bottom strategy that will effectively address these dilemmas. More importantly, why doing so protects a hotel's bottom line and brand positioning.
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    The following article highlights the importance of cybersecurity in general and why it is especially important in the hotel industry. This highlights many facets, one being the fact that the hotel industry is one of the most vulnerable to cyber-attacks, therefore, needing to have top-notch cybersecurity.
biancafavilli

Tourism security in an age of cyber threats | NTA Courier - 0 views

shared by biancafavilli on 13 Feb 20 - No Cached
kmert005 liked it
  • the safety of clients and staff has to be the No. 1 priority.
  • leisure travel is an expendable industry, and there is nothing that can destroy the industry’s reputation more effectively than a lack of security or safety.
  • it is essential to dispel the idea that tourism security is static.
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  • hat means contingency plans must be updated on a regular basis and security plans must show adequate flexibility to incorporate good customer service and proper protection.
  • the latest threat to the industry was underlined by the hacking of Marriott International’s Starwood database, potentially exposing the personal information of approximately half a billion people.
  • This cyberbreach serves as an example that the world of tourism security is fast-changing.
  •  It is essential that every tourism entity assume that, at some point, it will suffer some form of attack, whether physical or cyber. Do not wait for an attack to occur to begin to figure out how to mitigate the damage. Remember that an attack not only damages the client, but it also harms the entire industry.
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    In this article, the author emphasizes that security in the tourism industry should be number one. With the advent of technology, cyber contingency plans must be a part of the overall security plans of tourism businesses. The author also admonishes hospitality businesses to be proactive when dealing with cyber security breaches to withstand malware and infections as well as to be honest with customers when security breaches occur to maintain the customer's trust.
amdelgad

All Bets Are Off on Casinos and Cybersecurity | UpGuard - 0 views

  • better malware tools and access to deep funding make today's cyber criminals more than a bad movie, especially when lucrative payloads are for the taking.
  • In May 2015, attackers were able to steal cardholder names, credit card numbers, and CVV codes belonging to hotel guests and customers. In 2016 they suffered similar incidents due to malware being installed on POS systems, allowing attackers to steal customers' credit card information.
  • It may come as no surprise that casinos and gaming firms are ideal cyber attack targets, but how competent are these enterprises when it comes to rudimentary security?
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  • Online gambling upstart Ignition Casino offers Blackjack, Slots, Poker on its website; fortunately, the company has also taken the requisite security measures for bolstering its website security and email security.
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    This article focused on cybersecurity in hotel casinos. They mention how casinos seem to be a target for a lot of cyber attackers because they tend to not invest as they should on protecting themselves. Casinos hold a TON of financial data; customer info., bank info., and credit card info. I enjoyed the article because they even went as far as giving a few casinos a "security score" in how well/bad they are in staying secure.
dvieg001

Hotels in hackers' sights as technology replaces personal touch | Financial Times - 1 views

  • Hotels and hospitality businesses are now the third most targeted by cyber attackers of all industry sectors.
  • they have become a rich mine of data for hackers with nefarious intentions.
  • Hackers see international hotel chains, which process a huge volume of transactions, as easy pickings
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  • he increased use of technology to replace face-to-face services such as check-in and on-site payments has only raised this risk.
  • One of the most high-profile cyber incidents in recent times was the breach of Starwood’s database in 2014, before the group was bought by Marriott, the world’s largest hotel chain. That hack, which was only discovered after the deal, exposed the data of about half a billion customers, Marriott said, when it revealed the impact in 2018.
  • The company sped up planned investment into data security and improved technology, such as software that detects suspicious cyber behaviour in real time, Van der Walt adds.
  • As cloud computing services have expanded, hotels have pushed more data storage towards external holders such as Amazon Web Services or Oracle
  • Many hoteliers additionally employ third-party agencies to manage credit card details and keep different forms of data separate:
  • And with guests demanding an increasingly personalised and individually-tailored service, particularly from the well-known hotel brands, data is likely to remain a precious commodity in need of protection.
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    This article explains how and why hotels went from being in the bottom 13% to the top 3 most targeted industry for cyber attacks. It talks about how the implementation of technology to handle customer date has made the industry vulnerable and also how corporations are battling the issue by using separate third party companies to store data and handle credit card information.
amoon008

Tackling Security Threats In The Hospitality Industry | MetaCompliance - 0 views

  • The hospitality industry faces vast security threats, making it a natural target for cybercriminals because of the value and volume of personally identifiable information that these organisations hold.
  • Marriott, Radisson Hotel Group, InterContinental, Four Seasons, and Hilton Hotels are just some of the major corporations that have hit the headlines in recent years as a result of a data security attack.
  • approximately 55 million online hotel bookings are affected by fraudulent websites and call centers posing as hotel websites, according to the American Hotel and Lodging Association.
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  • The majority of all cyber-attacks can be traced back to a phishing email that tricks the victim into divulging their credentials or downloading malicious malware.
  • A study conducted by Intel found that 97% of security experts fail at identifying phishing emails from genuine emails.
  • many hotels becoming completely digitalised in a bid to gain competitive advantage and keep up with online travel agencies such as Expedia and Hotels.com
  • Worryingly, ransomware is evolving into a new type of threat where cybercriminals are not just encrypting data but are also stealing it and threatening to release it on the internet
  • In recent years, hackers have been deploying new tactics and Distributed Denial of Service (DDoS) attacks have been growing in popularity. This type of attack is an attempt to make an online service unavailable by overwhelming it with huge volumes of traffic from multiple sources to cause great damage. This can include loss of data, loss of revenue, reputational damage, and a loss of customers.
  • According to a survey, almost half (44%) of firms have experienced a significant, business-altering data breach caused by a vendor.
  • With the hotel industry increasingly prone to malicious cyber attacks, there are a number of ways organisations can combat cyber security threats
laura kaczkowski

Restaurants, Beware: Hackers Want Your Customer Data - 1 views

  • The simple fact is that cyber criminals today want information that they can use to make money
  • We found that nearly 90 percent of attacks were designed to steal customer information including cardholder data, e-mail addresses and account information.
  • many restaurants and franchise businesses, unsecure and public WiFi networks are conveniently (for the criminal) connected to point of sale systems.
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  • but the number one is that they all process credit cards.
  • assets targeted by criminals were point-of-sale software systems
  • Think of the scenario of a hotel that maintains a restaurant, a spa, as well as other services all connected to one POS system
  • The risk is even greater when hotels are part of a hotel chain with interconnected systems.
  • Franchise businesses are particularly at risk primarily because franchises tend to have the same POS system duplicated at all locations
  • Most of the time these business don’t have trained security professionals on staff; instead most assume their IT personnel are taking care of all of their security needs.
  • 76 percent of environments we investigated had a third party introduce a security flaw within the environment that contributed to criminals being able to compromise data.
  • Another alarming trend we found in our investigations was that self-detection of breaches decreased in 2011, and only 16 percent of victimized organizations actually detected the breach themselves.
  • The best intrusion detection systems are neither security experts nor expensive technology, but employees.
  • Very often businesses ignore that fact that while their employees might not be security experts,
  • the POS screen looked differently than it had the day before.
  • The cashier reported it to the company’s security hotline and sure enough there was a cybercriminal on the system.
  • When working with third parties, always build in security requirements into the contract and impose policies and procedures such as good password policies to ensure tight control and better security.
  • The quicker an organization can identify an issue and respond to a breach, the less likely they will experience the deep penalties, both financial and to their brand.
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    The article I read was called, "Restaurants, Beware: Hackers Want Your Customer Data." In the article it talked about how cyber criminals want credit card information from people so that they can make money off of them. Criminals find new ways everyday to breach systems and steal information from guests staying at hotels or eating in restaurants. It states that many restaurants and franchise businesses use unsecure and public WiFi networks are connected to the point of sale system. "Franchise businesses are particularly at risk primarily because franchises tend to have the same POS system duplicated at all locations." A lot of times businesses don't have trained security on staff, they just assume that their IT person will be talking care of the security. According to the article the best detection systems are neither the technology nor the security but it's the employees who work there. The employees can tell when something has changed in the system and as soon as they realize that, they need to report it to their manager. I never even considered people breaking into the systems and stealing credit card information but it does happen and it's important to know what to do in these kinds of situations.
Joshua Frost

Onity releases firmware upgrade, mechanical cap for its locks to address hacking vulnerability concerns - 0 views

  • Onity provides lock upgrades following hack
  • Black Hat cyber security conference in Las Vegas
  • According to a story published by Forbes, the hacker, using less than $50 worth of equipment, was reportedly able to exploit a port located underneath each lock to read their memory and find a decryption key, at which point he was able to gain access to the lock’s firmware.
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    As close to home as this hits, with a security breach at my hotel recently, I'm happy to see that companies are upgrading their systems. The Black Hat cyber security conference in Vegas had a hacker present how easy it was to gain access into a hotel room. He had less than $50 in equipment that he used to infiltrate the locks on the hotel doors. In response to this, Onity, the company whose locks were tested, came out with a plan for a "two-tier" security upgrade. This makes me feel a little bit better but at the same time, it seems like hotels aren't being proactive about protecting their customers, so maybe more hotels needs to be exploited.
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    I don't see this how it make anyone feel a little better, all the company is doing is giving price discounts and tightening up some locks, make it harder to pick apart. The problem is the avg their or experienced theif can take a part a lock in minuets if not seconds. Chances are you wouldn't even hear it if you were asleep, on the phone, watching TV. The system isn't very good if it can be hacked with up to 50$ of equipment
Alexander Suarez

Internet Security: Whom Should You Trust? - Forbes - 0 views

  • Comment Now Follow Com
  • Internet security is all about trust at a distance
  • Even with secure connections, encryption, and the various other authentication schemes there is always a way to spoof identity, provide forged documents or credentials, hold computers and servers hostage to “ransomware” or allow cyber-criminals to be whoever they want to be.
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  • he Online Trust Alliance and its Mission
  • Privacy: Especially in the European Union, there is a greater focus on the control, collection, use and sharing of consumer data. The Online Trust Alliance is working to protect consumers in this regard;
  • The organization is deeply involved in seven areas that are highly relevant to business and how companies can safely interact with customers, clients and anyone that uses the Internet, while protecting internal confidential information.
  • Anti-Malvertising: to help protect consumers and sites from malicious advertising;
  • No organization is immune to the loss or compromise of confidential and sensitive data. Consumer information, employee records, proprietary and trade secret information, and intellectual property are all available for the taking if infrastructures are not properly protected and contingency plans developed should a breach occur.
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    This article divulges into the world of internet security. It explains how with even the most secure connections there is always a possibility to spoof an identity, provide forged documents and/or allow cyber-criminals to be someone they're not.  The Online Trust Alliance or OLA, is an organization deeply involved in several areas that are highly business-relevant and in how companies should safety interact with customers, clients, and/or anyone who uses the internet while at the same time protecting their personal information.  In conclusion,  no organization is immune to a loss of personal information. Consumer information, employee records, etc are all available for the taking if not properly protected and/or a contingency plans developed in the event of. However, with the help and knowledge of the OLA,  preventing such instances from occurring can be drastically reduced .
markh283

Hotel Cybersecurity: Protecting your guests and your property from vendor data breaches - Hotel Law Blog - July 19, 2017 - 0 views

  • Hotels rely on third-party vendors to help run their properties efficiently, and often must give them access to sensitive guest data. This leaves hotels vulnerable to cyber attacks; they’re only as secure as their vendors are, and may find themselves directly liable for a data breach.
  • July was another notable month for hotel data breaches – on a single day, several well-known hotel brands and managers, including Four Seasons, Trump Hotels, Hard Rock Hotels & Casinos and Loews Hotels all announced that customer data may have been compromised as a result of a security failure.
  • In analyzing the breaches, there is something that is common to almost all incidents: the vulnerability was not with a hotel, its manager or brand, but with a vendor.
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    This article notes that many hotels have been the victims of cyber attacks. For example, in July of this year, the Four Seasons, Trump Hotels, and the Loews Hotels all had customer information hacked because of security failures. Furthermore, many of these resulted from vulnerability from the vendors. To address this issue, the article suggests that hotels should incorporate the following four actions: (1) Review data security policies; (2) Require vendors to take responsibility for their mistakes; (3) Analyze cybersecurity policies; and (4) Require brands and managers to test backup systems.
lderi004

The Disadvantages of Computerized Accounting Systems | Bizfluent - 0 views

  • But it’s easy to become excessively reliant on computerized accounting and to overlook the potential pitfalls of allowing a machine and a software program to store all your data and calculate essential numerical relationships.
  • Although computerized accounting systems use technology to calculate sums and store information, this data must be entered by humans, and these humans must be trained
  • Training staff on software programs can be expensive, and knowledge needs to be updated regularly because computerized accounting systems change, sometimes every year.
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  • Virtually every aspect of a computerized accounting system is costly.
  • You may also have to shell out funds for repairs, or hire professionals for training, custom software or to untangle especially complex mishaps.
  • Computerized accounting systems are vulnerable to cyber security issues.
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    As this week we are talking about electronic accounting systems, I found this article on the disadvantages of computerized accounting systems to be rather interesting. As mentioned in the article, many companies tend to become too reliant on computerized systems, which leads to them forgetting about the negative outcomes that may arise from using such systems. These disadvantages include high cost, from training staff to repairing/replacing the electronic systems. In addition, like any cloud-based system, a computerized accounting system can also make a company vulnerable to cyber security issues, such as hacking. Overall, while very advantageous, computerized accounting systems still have certain risks companies must address before deciding whether, or not to use them. 
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    I believe you found a very interesting article on electronic accounting systems. Even though the tendency is all about the positive aspects on electronic accounting systems, I enjoyed reading the perspective on this article which focuses on its drawbacks. Companies need to evaluate whether this investment is functional for them and weight the pros versus the cons. Additionally, the information on an electronic accounting system is sensitive, and it can make the company vulnerable to hacking and data breaches. These are very important points for managers to take into consideration while finding the right accounting system for them.
bhern082

4 Ways You Can Keep Your Business and Guests Safe from Data Breaches | Hospitality Technology - 0 views

  • external data breaches constitute 96 per cent of all breaches in the hospitality industry.
  • Many guests are increasingly choosing to stay at hotels that prioritize information security since many employees are working remotely or must take work away with them on vacation.
  • : Verify that the hotel’s privacy policy complies with federal and provincial laws that apply.  Ensure that your staff remains compliant of these laws by making them a mandatory part of staff training to avoid breaches and fines. 
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  • Documents such as copies of travel information, passport and identity documents, licenses, customer lists, etc. should be shredded daily.
  • Invest in cyber-security tools such as firewalls and tokenization and encryption to avoid online breaches through the business’ website or third-party sites.
  • Regularly update equipment and software with monitoring systems that can detect breaches at numerous terminals to avoid PoS breaches.
  • Ongoing training helps ensure employees understand and follow policies and best practices. They should also be trained on how to recognize potential risks such as phishing.
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    This article review four ways in which the hospitality industry can keep their guests safe. The first way is to have a company "shred list" so that the guests physical information is being shredded upon he completion of their stay. The second way is to remain compliant with federal laws when it comes to their privacy policy. The third way is to have IT safeguards like regularly updated equipment and have cyber security firewalls in place. ?The last way is to have constant employee training to keep the employees up to date on the best practices.
abrow336

https://www.technologydecisions.com.au/content/security/news/tips-to-stop-cyber-attacks... - 1 views

The Australian Government is worried about the amount of scams that are happening to steal patient data surrounding the Covid-19 vaccine. Many residents of the country are wanting to get the vaccin...

started by abrow336 on 01 Mar 21 no follow-up yet
lianettfernandez

Mickey Mouse Club had Mickey Mouse security: Disney's Playdom forum pours out passwords * The Register - 0 views

  •  
    The article deals with the 2016 cyber attach on disney
lianettfernandez

The Likely Reason Disney+ Accounts Are Getting 'Hacked' | WIRED - 0 views

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    This article deals with a disney cyber security breach that occurred in 2019.
anonymous

How physical and cybersecurity threats converge around mass-participation events - - 0 views

  • any event that attracts large audiences also attracts those who want to make an illicit profit, cause disruption, or inflict physical harm.
  • organisers have to build a strategy to identify, manage, and mitigate the physical and cybersecurity threats that can converge around mass-participation events. It’s essential to take a holistic approach as, ultimately, physical and cyber threats cannot be neatly separated into two distinct threat types.
  • The security team should include stakeholders from across the organisation to bring the right intelligence into focus. Trust and transparency between different departments is essential if the team is to function effectively.
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  • Threat actors use multiple channels, both on the surface and deep & dark web (DDW), to discuss and plan disruption and money-making schemes. It’s important to note, too, that the channels used by bad actors evolve all the time as they work to evade detection.
  • Security teams should certainly pay attention to previous incidents and successful tactics, but must build their strategy around the very latest intelligence.
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    Physical and cyber security must coexist at mass participation events as threats can be in both forms. Organizers must create strategies to identify, manage, and mitigate these threats that can devastate events. This can be done with a multi-disciplinary security team and clear visibility to build intelligence. Information sharing and private sector engagement are also important tools within this process.
mserr078

12 Ways To Increase Hotel Security - LODGING Magazine - 0 views

  • Even when hotels have strong security policies and procedures in place, they are still vulnerable to cyber attacks, break-ins, theft, fraud, and other crimes
  • American Hotel & Lodging
  • Association (AHLA) security consultant
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  • Hotels can be held liable for the criminal acts of third parties
  • Guest Safety: Ensuring Return Stays and a Good Reputation
  • Update locks.
  • Provide a sense of ownership.
  • Monitor activity with software.
  • Evaluate and improve—quickly.
  • Meet and greet.
  • Make time for safety meetings.
  • Theft and Fraud: Monitoring Employee Activities It’s a disappointing reality that hoteliers have to contend with employee theft and fraud. B
  • Boost employee empowerment.
  • Staff smart.
  • Add active monitoring to video surveillance.
  • Cybersecurity: Protecting Electronic Borders
  • As technology has advanced, so has criminals’ ability to exploit those new technologies. The hotel industry has seen several such examples lately
  • Connect IT and security departments.
  • Upgrade to VLAN.
  • Beware of social engineering.
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    This article highlights all the necessities to make sure your hotel is safe and secure for all your guests. It specified for cyber security, however, that switching to a VLAN server would be massively beneficial for the hotel as it becomes a private server that has multiple stages of security to bypass. In addition, it advises the modification of passwords every few months because apart from cyber breaches, people also try to con others out of their passwords by word of mouth and manipulation.
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    In this article it talks about the 12 different ways to increase security in our hotels and how to make thing more safe for our guest.
rhoff019

Council Post: Cybersecurity As We Know It Is About To Change - 0 views

  • the global cybersecurity market is set to increase to $270 billion by 2026. This signals the priority boardrooms have placed on cyber risk management even as digital transformation takes place en masse.
  • COVID-19 has become the catalyst to trigger change in the ways we manage and operate technology.
  • Virtual desktops emulate a computer system so that IT can control access as such adding input/output devices as well as software and applications. This could become an important control point when remote workers are operating outside the safety of a corporate network.
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  • Telecommuting Is The Only Way Of Working For Many
  • With swift digitalization, security controls will shift to data sources, similar to the trend witnessed in IoT.
  • With millions of employees working from home, hackers’ focus has shifted from enterprise to remote working individuals. To handle the menace that exists in cyberspace, decentralized cybersecurity will rise where greater emphasis will be placed on data sources such as actual remote employees themselves.
  • User access controls have largely revolved around single or two-factor authentication. These methods rely on “something you know (username)” and “something you have (password).”
  • This means identity protection will be a top priority, and the best defense should involve building authentication systems that focus on “who you are.” This would require advanced biometric solutions such as fingerprint/thumbprint/handprint, retina, iris, voice and other facial recognition technologies.
  • The current state of privacy regulations is designed around the enterprise network and building the proverbial wall to keep sensitive data out of prying eyes.
  • With the remote working concept taking center stage, re-evaluation of these policies is needed to address the new cyberthreats.
  • From a risk management perspective, global privacy policies will need to encapsulate standard operating procedures regarding BYOD, GDPR compliance and state privacy laws.
  • The shift to cloud services offers employees, customers, suppliers and everyone else across the ecosystem a seamless and frictionless way to access data and applications. Remote access by various users would compound security challenges and present many new potential attack vectors. In the post-pandemic world, IT resources could shift toward data, particularly keeping data secure across cloud platforms.
  • This will facilitate cybersecurity teams to apply varied access controls and demarcate data storage to minimize the risk of cyber intrusion and data breach.
  • Innovative technologies such as ML/AI and AR/VR will see greater adoption. As we have already witnessed, video conferencing applications will continue to rise as non-contact interactions surge.
  • Sectors such as retail, hospitality and manufacturing will layer their adoption of robotics with added AR/VR capabilities.
  • Cybersecurity teams that are saddled with an events-based approach will be overly burdened with triages when a Cyber breach occurs. By embracing an intelligence-driven approach, businesses can digitalize confidently with external threat intelligence as the guiding beacon.
  • Social engineering techniques to trick untrained and unsuspecting employees, third parties and contractors into releasing confidential information or letting an intruder into a corporate network will also intensify accordingly.
  • Cybersecurity awareness training for people across the entire supply chain and ecosystem will prevail.
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    By 2026, the investment in cybersecurity will increase to $270 billion globally. After the COVID-19 pandemic companies will need to reevaluate their cybersecurity systems to adapt to telecommuting as many companies will have some of their employees working from home. Biometric security such as a fingerprint or iris scan will become more common as the typical password will no longer be as secure as it once was.
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