• SideChannel is committed to creating robust and top-tier cybersecurity programs for small and mid-market businesses (“SMBs”), thus helping them protect vital information and customers
• One of the companies SideChannel has helped achieve this goal is Virgin Voyages, which has expanded its engagement with SideChannel to improve its data privacy efforts with the addition of a virtual chief privacy officer (“vCPO”) from SideChannel
• The move builds on an earlier engagement, bolstering Virgin Voyages’ goal to protect the important information relating to its crew, sailors, and partners

A recent study by IBM Corp. (NYSE: IBM) revealed that the average cost of a data breach in the hospitality industry was $2.94 million in 2022, down from $3.03 million in 2021. This cost, the study highlights, encompasses detection and escalation costs (covering forensic and investigative activities, assessment and audit services, crisis management, and communications to executives and the board), lost business costs (including business disruption and revenue losses from system downtime, cost of lost customers and acquiring new clients, and reputation losses), notification costs, and post-breach response costs (https://ibn.fm/gsq06).

And although the average cost of data breaches within the hospitality industry is lower than in other industries, such as healthcare, financial, pharmaceuticals, technology, energy, retail, and so on, and is, thus, lower than the global average of $4.35 million, based on the findings of the study, the…

Read More>>

NOTE TO INVESTORS: The latest news and updates relating to SDCH are available in the company’s newsroom at https://ibn.fm/SDCH

About InvestorWire

InvestorWire is the wire service that gives you more. From regional releases to global announcements presented in multiple languages, we offer the wire-grade dissemination products you’ll need to ensure that your next press release grabs the attention of your target audience and doesn’t let go. While our competitors look to nickel and dime you with hidden fees and restrictive word limits, InvestorWire keeps things transparent.

As part of its service, InvestorWire provides coverage of noteworthy announcements. To further expand visibility of achievements being made throughout a multitude of sectors, InvestorWire’s syndication partners have extended the digital coverage to include individual broadcasts on financial websites and platforms visited by millions of investors daily.

For more information, please visit https://www.investorwire.com

Please see full terms of use and disclaimers on the InvestorBrandNetwork website applicable to all content provided by IBN, wherever published or re-published: http://ibn.fm/Disclaimer

InvestorWire (IW)
8033 Sunset Blvd Suite 1037-IW
Los Angeles, CA 90046
310.299.1717 Office
www.investorwire.com
Editor@InvestorWire.com

InvestorWire is part of the InvestorBrandNetwork.