Former Booking.com CSO Sounds the Alarm on Rising Cyber Threats in Hospitality
🔒 Spencer Mott, with a 40-year career in crime prevention, highlights the shift of criminal focus to online fraud in the travel and hospitality sector. Serving as Global CSO at Booking Holdings and Booking.com until March 2024, he observed a surge in Account Takeover (ATO) fraud, which affects 22% of global customers and businesses. ATO fraud grows faster than legitimate transactions, with smaller hotels 70% more likely to be victimized due to outdated IT systems. Mott advocates for a dedicated enterprise-grade web browser with robust security features to combat these threats.
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