Cybersecurity is the top business worry

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According to 56% of hotel IT leaders.

Inflation (52%), personnel retention and recruitment, supply chain/logistics management, and cybersecurity are the top three business concerns for hotel C-suites, according to more than half of hotel IT leaders. In a recent poll of international IT experts, Hospitality/Travel Professionals found that them. Coleman Parkes Research was hired by multi-cloud technology solutions firm Rackspace Technology to carry out the investigation.
Less than half (37%) of hospitality professionals claim to be fully equipped to handle cybersecurity threats and attacks, according to the report.
In response to significant threats like breaches and cyberattacks, the majority of hospitality/travel IT leaders claim they are either unprepared or only “somewhat prepared”.

Other significant study findings:

Along with brand reputation damage and lost revenue, operational downtime and intellectual property/data loss were noted by more than half of the respondents.
More than half claim that cybersecurity threats are seasonal, rising at the beginning of the year and waning throughout the following twelve months.
74% of travel and hospitality organizations attribute increasing investment in cybersecurity to better coordination between the security team and suite C members, while 72% claim that the visibility of the cybersecurity board has increased over the past five years.
When asked about the top three cybersecurity difficulties their company is facing, moving applications to the cloud and using them there came in first followed by a shortage of cybersecurity-savvy staff and a lack of visibility into infrastructure risks.

Despite the pandemic’s negative economic effects

Businesses don’t appear to be cutting back on their efforts in cybersecurity. According to 69% of hotel and travel businesses, their budgets for cybersecurity have grown over the past three years.
Cloud-native security, data security, security advisory services, and application security, are the main beneficiaries of this new investment. According to the survey, businesses are most likely to rely on an outside partner’s experience in the field of cloud-native security.
These investments closely match with the areas where hotel and travel organizations perceive the biggest concentration of dangers, with network security leading the way, web application attacks following (55%), and cloud architecture (50th percentile).

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