{"id":5450,"date":"2022-04-27T22:10:56","date_gmt":"2022-04-27T22:10:56","guid":{"rendered":"https:\/\/travelcommunication.net\/?p=30043"},"modified":"2022-05-05T10:27:08","modified_gmt":"2022-05-05T10:27:08","slug":"wttc-launches-cyber-resilience-report-for-global-tourism-sector","status":"publish","type":"post","link":"https:\/\/www.travelindex.org\/media\/global-travel-news\/wttc-launches-cyber-resilience-report-for-global-tourism-sector\/","title":{"rendered":"WTTC Launches Cyber Resilience Report for Global Tourism Sector"},"content":{"rendered":"\n

\"WTTC<\/a>London, United Kingdom, April 28, 2022 \/ TRAVELINDEX \/ The World Travel & Tourism Council launched a major new report at its Global Summit in Manila today, to help the sector\u2019s stakeholders understand how cyber resilience is shaping the Travel & Tourism sector and plan for a safer and more robust future.<\/p>\n

The report, \u2018Codes to resilience\u2019, in joint efforts with Microsoft, draws on comprehensive research and in-depth interviews with cyber security experts in leading Travel & Tourism organisations such as Mastercard, JTB, and Carnival Corporation, among others.<\/p>\n

The report shows that whilst the COVID-19 pandemic has propelled the world and the sector into a more digital future, with the opportunities provided by digitalisation, new challenges have emerged, especially in cybercrime.<\/p>\n

The inaugural report focuses on three key areas considered critical for the sector: cyber resilience, key issues and six best practices based on the lessons learnt prior to and during the pandemic.<\/p>\n

The report goes on to show how digitalisation has become a strong enabler of business within Travel & Tourism, and given the international nature of the sector, it looks at the role of legislation around individual data protection.<\/p>\n

According to the report, more than seven out of 10 (72%)SMEs in the UK, the U.S., and Europe, have fallen victim to at least one cyberattack, and with SMEs representing 80% of all Travel & Tourism businesses, mitigating cyber risk must remain a priority for the sector.<\/p>\n

Julia Simpson, WTTC President & CEO, said: \u201cTechnology and digitalisation play a key role in making the whole travel experience more seamless, from booking a holiday, to checking in for a flight or embarking on a cruise.<\/p>\n

\u201cBut the impact of cyberattacks carries enormous financial, reputational and regulatory risk.\u201d<\/p>\n

This critical report reveals four key issues to address in order to improve cyber protection and enhance resilience: securing identity data, securing business operations, understanding the impact of COVID-19 and managing global legislation.<\/p>\n

According to the report, certain actions can help businesses better prepare to repel an attack, while laying the foundation to support long-term cyber resilience. Educating and training all staff, expanding risk security beyond the physical workplace, employing a zero-trust approach to cyber security, and transparency, among others, have been recommended by industry experts as good practices.<\/p>\n

Cyber resilience is a crucial element to the future of Travel & Tourism, as cyber systems continue to facilitate and enhance activities between the sector\u2019s stakeholders.<\/p>\n

During a panel session at the tourism body\u2019s Global Summit event being held in Manila today, industry leaders heard that cybercrime has cost the global economy U.S.$1 trillion and could reach a staggering U.S. $90 trillion by 2030.<\/p>\n

According to the WTTC Economic Impact Report, in 2019, before the pandemic stopped travel in its tracks, the Travel & Tourism sector generated more than U.S. $9.6 trillion to the global economy.<\/p>\n

However, in 2020, the pandemic brought the sector to an almost complete standstill, causing a massive 50% drop, representing a severe loss of nearly U.S. $4.5 trillion.<\/p>\n

Digitisation has played and will continue to play a pivotal role in Travel & Tourism\u2019s growth and recovery from COVID-19. It is therefore essential for the sector to integrate cyber security and cyber resilience to continue its recovery from the pandemic while supporting its growth in the future.<\/p>\n

First published at TravelCommunication.net<\/a><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

London, United Kingdom, April 28, 2022 \/ TRAVELINDEX \/ The World Travel & Tourism Council launched a major new report at its Global Summit in Manila today, to help the sector\u2019s stakeholders understand how cyber resilience is shaping the Travel & Tourism sector and plan for a safer and more robust future. The report, \u2018Codes …<\/p>\n","protected":false},"author":2,"featured_media":5469,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[1924,43,1925,14],"class_list":["post-5450","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-global-travel-news","tag-corporate","tag-global-travel-news","tag-latest-travel-news","tag-travelindex"],"_links":{"self":[{"href":"https:\/\/www.travelindex.org\/media\/wp-json\/wp\/v2\/posts\/5450","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.travelindex.org\/media\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.travelindex.org\/media\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.travelindex.org\/media\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.travelindex.org\/media\/wp-json\/wp\/v2\/comments?post=5450"}],"version-history":[{"count":0,"href":"https:\/\/www.travelindex.org\/media\/wp-json\/wp\/v2\/posts\/5450\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.travelindex.org\/media\/wp-json\/wp\/v2\/media\/5469"}],"wp:attachment":[{"href":"https:\/\/www.travelindex.org\/media\/wp-json\/wp\/v2\/media?parent=5450"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.travelindex.org\/media\/wp-json\/wp\/v2\/categories?post=5450"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.travelindex.org\/media\/wp-json\/wp\/v2\/tags?post=5450"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}