The hospitality industry is vulnerable to cyber attack as a result of the sheer volume of card transactions and data processed every year. There is an increasing trend for infiltrating point of sale systems with malware (malicious software) which is designed to steal payment card details. This data can be used to create cloned payment cards to withdraw cash or carry out fraud online.
Following the vote to Brexit you can reduce risk for your business by reviewing contractual relationships and potentially renegotiating points which the decision to leave may have an impact upon.
Hotels are being hit by cyber crime, largely through security breaches in point of sale systems; identifying and reducing the risk is a priority for the sector
Could franchising be an answer for owners of hospitality venues to increased operator profitability. We look at some of the considerations.