Cyber Security Concept. The Word of Red Color Located over Text of White Color.

Acting to prevent cyberattacks can allow companies to protect sensitive information to improve the customer experience, grow their reputation, reduce risk exposure and ultimately improve the balance sheet, according to a white paper from Amadeus, the travel technology company. The white paper’s key findings include:

  • Companies can use security initiatives to improve their customers’ experience and drive greater sales on their websites.
  • There are significant opportunities for airlines to unlock hidden revenues by reducing the number of valid transactions which are blocked by ineffective fraud management
  • Storing sensitive data as tokens allows travel companies to eliminate sensitive data altogether from their organizations which greatly reduces the burden of meeting regulatory obligations.
  • Automating fraud management controls can not only reduce the level of fraud, which a company is exposed to but also reduce the hidden cost of fraud.

A key recommendation of the paper is that companies take holistic approach to databiia-cyber-sceruity-ad

The Amadeus whitepaper is available here.

Source:  Cyber Security Intelligence