The hospitality industry can be all too generous with its confidential data, if the right IT security measures aren’t in place. Point of sale systems are often targets of savvy hackers, who will make themselves at home in a company’s network without reservations.
The hospitality industry is open to attack through a host of databases that contain personal information about guests and customers and through the same type of point of sale (POS) payment systems that have been breached by attackers in retail stores. Basically, if you take credit cards for payments, there’s a vast network of criminals that would love to access your information systems and harvest your data.
The hospitality industry also faces unique challenges, such as geographic distribution across corporate and franchisee locations. The risks are multiplied by a high degree of reputation risk if customers don’t think their information is safe with you.
Assessing security risks for large databases, diverse applications, and multiple locations is challenging but not impossible, and the costs are manageable. However, the costs of a breach, especially a well-publicized one, are exorbitant and counterproductive.
Your organization already has security measures in place for your IT systems, but are you sure they are protecting your systems? The majority of security breaches take months — or even years — to discover. Even with security measures in place, your systems can harbor hidden vulnerabilities that attackers can exploit.
As technology becomes more advanced, regulations become more complicated.
IT risk is a major concern for any organization, public or private. To protect your data, your reputation, and your bottom line, you need an effective, dynamic IT risk management strategy.
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