A new month and a new weekly roundup from Claritas HQ. This week we’re looking to the future as we explore what business travel might look like in a few years, why a pending cybercrime attack is more worrying than Brexit to SMEs, as well as assessing whether hackers could have new, more sophisticated equipment on hand to steal details in the not so distant future.
New technology to be the driver of business travel
Let it be known, business travel is important. So important that a recent report from the World Travel and Tourism Council & Travelport revealed that business travel accounts for an astonishing $1.3 trillion of global travel spending annually.
The report found that this is partially due to the demand and adoption of technology, allowing frequent flyers to have a seamless experience and remain connected. The demand for this is higher than ever as consistent travellers strive for a hassle-free journey, which is aided by technology and allows them to concentrate on business.
With only 5% of apps in the app store travel related, there is somewhat of an opportunity for companies to really innovate the space. With AI becoming more of a focus for companies we should expect to see a mixture of both integrated deeper into business travel soon.
The travel industry should be stepping up to the mark and looking to create ‘experience first’ strategies. The fantastic Information Age delve a little deeper here for those of you who want to know more details about which companies are already ahead of the game and what travel companies should be doing in the next few years to retain business clientele.
SMEs more afraid of cybercrime than Brexit
SMEs have a new boogeyman and it’s not Brexit. Britain’s SMEs are switching their focus to the ever present threat of cybercrime, meaning time and investment is being spent on the matter.
Research from Barclaycard has shown that UK SMEs now invest £2.9 billion annually on cyber security experts to help them stay ahead of the latest threats.
Sharon Manikon, managing director of Customer Solutions at Barclaycard, said: “UK SMEs face immense pressure to keep up with competitors of all sizes. This is all the more challenging in an uncertain political and economic landscape with shifting consumer preferences and new technology that continues to develop at pace.”
And as for the looming threat of Brexit uncertainty? Four in ten (44%) small businesses fear being victim of a cybercrime or data breach, compared to three in ten (34%) who are anxious about the impact of Brexit on their business. So there you have it.
Did you know we’re experts on cybersecurity? If you’re reading this and could use some help, simply give us a call or drop us an email.
Hackers could use brainwaves (really?)
Finally, it wouldn’t be a weekly roundup if we didn’t scare you out of your skin would it? According to a study from the University of Alabama at Birmingham, hackers could potentially use malware to obtain users' passwords by monitoring brainwaves via electroencephalograph headsets. Yes, really.
Electrophysiological processors can scan brain activity and convert it into signals. The technology has been used in the medical profession for more than 50 years as a way to track electrical neural activity.
“Given the growing popularity of EEG headsets and the variety of ways in which they could be used...it is important to analyze the potential security and privacy risks associated with this emerging technology to raise users’ awareness of the risks and develop viable solutions to malicious attacks.” - Associate Professor Nitesh Saxena, Ph.D.
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