Intelligent CIO Middle East Issue 45 | Page 37

////////////////////////// W What are some of the key cyber-risks faced by the hospitality industry? JEFF OGDEN, GENERAL MANAGER – MIDDLE EAST AND INDIA, MIMECAST The hospitality industry, like any other major sector, faces a significant increase in targeted attacks. According to Mimecast’s newly released State of Email Security report 2019, targeted attacks like phishing, impersonation fraud and ransomware have increased over the last year and have caused major disruption, including loss of customers, money and data. More than 86% of UAE respondents experienced an impersonation attack and 77% of impersonation attack victims experienced a direct resulting loss. And the thing that hurt these organisations the most was data loss. “ WHEN CRIMINALS GET THEIR HANDS-ON CUSTOMER INFORMATION STORED BY A HOTEL GROUP OR SIMILAR, THEY CAN STEAL IDENTITIES AND OPEN BANK ACCOUNTS, CREDIT CARDS OR LOANS IN A VICTIM’S NAME. The hospitality industry is known for hosting vast amounts of data. These organisations have to store and process personally identifiable information in order to operate www.intelligentcio.com Jeff Ogden, General Manager – Middle East and India, Mimecast effectively but it also means that they are left with the responsibility of safely storing confidential information like credit card data and proofs of identity, including passport numbers. This automatically makes this industry a significant target. Just look at the Marriott/ Starwood breach that happened in December 2018. Marriott’s loyalty rewards programme database was breached and exposed the personal information of over 500 million people, making it the second largest breach in history. When criminals get their hands on customer information stored by a hotel group or similar, they can steal identities and open bank accounts, credit cards or loans in a victim’s name. They can also use this information for targeted social engineering and impersonation attacks, which means the cybercrime cycle continues. HARISH CHIB, VICE PRESIDENT, MIDDLE EAST AND AFRICA, SOPHOS A disconnected approach to cybersecurity is the most exacerbating security risk faced by organisations including the hospitality industry. To understand the root cause of these issues, we first need to look at the threats we’re trying to stop. Cybercriminals don’t use single techniques INTELLIGENTCIO 37