In the wake of alarmingly frequent cyberattacks targeting hotels, restaurants, and other hospitality businesses, a new partnership offers hope. Upfort, a leading cybersecurity and insurance platform, has joined with Parker, Smith & Feek, and the Washington Hospitality Association. This will empower over 6,000 industry members in the state to manage cyber risks and safeguard their sensitive data proactively. Think of it all as a cybersecurity cocktail. Mix strong passwords, regular updates, and awareness into a potent security concoction that goes down easy.
The hospitality industry, with its seasonal workforce, high user turnover, and extensive data processing, is particularly vulnerable to cybercrime. In 2023, nearly a third of hospitality organizations reported a cyber breach, costing an average of $3.4 million.
Upfort’s platform, unlike conventional cybersecurity solutions, takes a preventative, top-to-bottom approach to tackle cyber risks and enhance resilience. The platform unifies cybersecurity and insurance in one seamless experience to expand cyber resilience in the hospitality industry.
As part of the collaboration, Washington Hospitality Association members gain easy access to training, phishing simulations, continuous monitoring, a browser firewall, and advanced email defense. They will also have instant quotes for affordable cyber insurance through a simple online process, requiring no IT experience.
“Plaguing Hospitality”
Logan Dozier, Senior Manager of Insurance Services at Washington Hospitality Association, emphasized the significance of strengthening cyber resilience. “Cyber risk has quickly emerged as one of the top concerns plaguing hospitality organizations of all sizes, and the Washington Hospitality Association prides itself on solving problems for its members – which is exactly why we’ve partnered with Upfort to strengthen our cyber resilience,” said Dozier.
The program, supported by Arch and spearheaded by Parker, Smith & Feek, includes three cyber insurance coverage options under the Washington Hospitality Association’s master program. Upfort’s AI-powered prevention and intelligent automation have reduced security breaches and claims. Policyholders have experienced an 80% decrease in the likelihood of filing a claim.
Overall, this partnership signifies a transformative approach to managing large-scale cyber risks for large groups, with Upfort delivering cybersecurity and insurance solutions.