Hotels shown to be susceptible to cybercrime
The hospitality industry continues to be a lucrative target for hackers and cybercriminals, the most recent example being a data breach of guests’ payment cards at nearly 1,200 InterContinental Hotels Group hotels in the U.S.
The annual cost of payment-card fraud doubled worldwide between 2012 and 2015, to about $22 billion. It is expected to approach $32 billion by 2020, according to the Nilson Report, a newsletter covering the payment systems industry.
The U.S. accounts for almost 40% of those losses and totals about 13 million victims a year.