Posts Tagged ‘cyber risk’
Responding to Hotel Data Breaches
Data breaches are at an all time high, up 45 percent from 2016, and hotels are a prime target. Accommodations, which includes hotels and restaurants, top the list for point-of-sale cyber breaches with the average cost of investigations being $735,000, increasing in cost based on the size of the company. Hotel owners and managers need to be…
Read MoreWhy Hotels Need a Cyber Insurance Policy
Having a separate Cyber insurance policy is vital to corporations that store any sort of customer data. Too often businesses mistakenly believe that their Commercial General Liability (CGL) insurance will respond in the event of a data breach. This isn’t so as reflected by the latest case involving a Florida hotel group looking to its CGL policy…
Read MoreIn the News: HEI Hotels Data Breach
According to Verizon’s 2016 Data Breach Investigations Report, the “Accommodations” industry topped the lists of number of security incidents and number of confirmed breaches with compromised data. One of the most recent victims was HEI Hotels & Resorts, an owner and manager of more than 50 high end hotel properties around the US. Franchisees are…
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