10 Tips to Maximize Cyber Insurance Recovery in the Hospitality Industry

Focus (Industry News)

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PUBLISHED ON: January 7, 2015

Virtually every U.S. industry has been touched by data breaches, and the hospitality business is no exception. Hotels and resorts process payment almost entirely by credit
card, deal with customers from all over the world, and are often prone to high employee turnover -- all factors contributing to the likelihood of a breach. No matter how good your risk management procedures, the possibility of a data breach cannot be eliminated.

When a breach does occur, insurance is a key line of defense. The insurance marketplace for cyber risk is in flux and fragmented, however. Obtaining the right insurance and pursuing claims effectively are challenges unto themselves. The 10 tips below will help you maximize cyber insurance recovery.