Cybercrime looms as an ever-present threat in the hospitality industry and online fraudsters are increasingly sophisticated in the tactics they deploy to infiltrate businesses, according to FEDHASA National Chair, Rosemary Anderson.
Natasha Parry, GM of SATIB Insurance Brokers, told Tourism Update that it had noticed a general increase in the frequency and sophistication of malware attacks in the hospitality industry.
“The evolving nature of cyber threats emphasises the importance of proactive measures to mitigate risks. Hospitality establishments that neglect to protect or insure themselves against malware face severe consequences. These may include financial losses, damage to reputation, loss of customer trust, and potential legal ramifications. The impact of a malware attack extends beyond immediate financial concerns, affecting the long-term viability of the business,” said Parry.
Anderson noted that, while robust cybersecurity might seem expensive, affordable tools…