1. Why are Travel & Tourism companies investing in cybersecurity?

Travel & Tourism companies are investing in cybersecurity to protect their customers' personal data and prevent cyberattacks. The industry is highly susceptible to cyberattacks due to the large amount of personal data collected during bookings and the high dependence on IT systems. Cybersecurity investment helps companies maintain a secure environment and protect their reputation.

2. How do cyberattacks impact the Travel & Tourism industry?

Cyberattacks can have a significant impact on the Travel & Tourism industry, causing reputational damage and financial losses. The industry holds valuable personal data on every traveler, making it an attractive target for cybercriminals. Cyberattacks can disrupt operations, cause flight cancellations, and lead to data breaches, resulting in loss of customer trust and revenue.

3. Which Travel & Tourism companies are leaders in cybersecurity adoption?

Accor, Air Canada, Booking Holdings, Despegar, JR East Group, LATAM Airlines, Melia Hotels International, Southwest Airlines, United Airlines, and Qatar Airways are leaders in cybersecurity adoption in the Travel & Tourism industry.

4. Who are the leading vendors of cybersecurity to the Travel & Tourism industry?

Ekran Systems, F-Secure, ITSEC Group, TitanHQ, and VigiTrust are the leading vendors of cybersecurity to the Travel & Tourism industry.

5. How does increased investment in cybersecurity benefit Travel & Tourism companies?

Increased investment in cybersecurity benefits Travel & Tourism companies by protecting their customers' personal data, preventing cyberattacks, and maintaining a secure environment. It also helps companies avoid reputational damage and financial losses, and build customer trust.

6. What are the challenges with adoption of cybersecurity in Travel & Tourism?

The challenges with adoption of cybersecurity in Travel & Tourism include the high dependence on IT systems, the large amount of personal data collected, and the variety of entry points across the business. The industry is also constantly evolving, making it difficult to keep up with new technologies and stay ahead of cyberattackers.

7. What is the projected market size of cybersecurity in Travel & Tourism?

GlobalData forecasts that all three components of cybersecurity spending will grow in revenue between 2021 and 2025, with software generating the highest revenue and growing at a compound annual growth rate (CAGR) of 13.7% to reach $1 billion in 2025. Revenues from cybersecurity hardware and services will also continue to rise, growing at CAGRs of 10.2% and 5.2%, respectively.

8. Who are the leading specialist cybersecurity vendors in Travel & Tourism?

Ekran Systems, F-Secure, ITSEC Group, TitanHQ, and VigiTrust are the leading specialist cybersecurity vendors in Travel & Tourism.

9. What are the components of the cybersecurity value chain?

The components of the cybersecurity value chain include hardware, software, and services such as unified threat management, vulnerability management, application security, managed security services, risk and compliance services, post-breach response services, chip-based security, identity management, data security, email security, network security, threat detection and response, cloud security, and endpoint security.

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