At a recent Risk & Crisis Seminar for Sanderson Phillips, Alan Pattison, Managing Director of Travel Risk Professionals (TRP), delivered a stark warning: if you trade online, store customer data, or operate digital platforms, you are at risk. And without the right protection, your travel business may not recover.
A single breach can trigger reputational damage, significant financial loss, theft of customer data, loss of investor and consumer confidence, fines and legal proceedings, operational paralysis, plus escalated credit monitoring costs and regulatory obligations.
An IT team cannot manage this kind of crisis alone, and with Cyber insurance in place your travel business will be covered for a multitude of elements; Data breach response and forensic investigation; ransom negotiation and extortion coverage, digital asset restoration and system recovery, crisis PR and brand management and revenue loss due to business interruption.
Cyber threats are now a daily business risk. Travel companies must prioritize readiness, defence, and insurance as core elements of their cybersecurity planning.
Alan and his team at the Travel Risk Professionals are on hand to guide you through the process and ensure you have the right insurance in place to protect your company.
