Firms urged to spend more on tech to stop cyberattacks
Travel companies need to “significantly” increase spend on up-to-date technology and “do the basics” to protect themselves from cyberattacks.
This could mean investing 1%-5% of operating revenue on technology, according to experts from Cribb Cyber Security. The current average for travel companies is less than 1%.
In the second part of anti-fraud group Profit’s Secure Our Systems (SOS) campaign, backed by Travel Weekly, experts stressed the need for travel businesses to recognise the value of investing in up-to-date computer systems and having a security framework that meets minimum government standards.
The government-backed Cyber Essentials guidance ensures companies have the basics in place to protect against cybercrime but could also result in lower potential fines under GDPR and improve business efficiency as a whole, stressed Conor Byrne, managing director, Cribb Cyber Security, which assesses and advises operators and agents on cybersecurity and is a member of Profit.