Payment fraud and breaches in the hospitality and travel industry can have a significant impact, especially as transactions become increasingly digital. Securing payment gateways and systems is essential to prevent unauthorized access and ensure the safe processing of credit card and other payment data. Also there are regulations to observ regarding payments (i.e. PCI DSS - Payment Card Industry Data Security Standard, PSD2 - Payment Services Directive 2).

Strengthen payment system security, adopt multi-layered authentication and ensure PCI DSS or PSD2 compliance to protect against fraud.

Key Dangers & Risks:

Payment fraud. Cybercriminals target payment systems to steal cardholder data.
Compliance risks. Non-compliance with payment industry standards (e.g., PCI DSS) can lead to penalties.
Financial losses. Fraudulent transactions directly impact profits and operational costs.