Greatest Impact on the Hospitality Industry for Environment

Question: Write about theGreatest Impact on the Hospitality Industry for Environment. Answer: Issue Issue and the ways it relates to the key theme- The external environment of the hospitality industry refers to the PESTLE (Political, Economic, Social, Technological, Legal and Environment) analysis of the hospitality industry. The external environment of the business refers to the outside factors that influence the development, potential and impact on the operation of business. Cyber security has become an important political topic, a number of market manipulation scandals have shook the cyber security industry and the economic meltdown has led to the proliferation in the internal security threats (Harel, Gal Elovici, 2017). The issue of IT security has become pertinent due to the distribution of cloud-based services and effective law is being put into place for regulations of financial crisis. Overview of the issue, explanation, background and current situation- The world is heavily dependent on the internet for spreading, disseminating and seeking information. The cyber security based on technology face threat of data manipulation, cyber warfare and identity theft. The industry also faces tangential issues that pertains to data security, digital trails and the leveraging of technology talent. The industry is faced with certain key challenges that can be overcome through awareness and education, collaboration with the aim of mitigating threats, and the balance between security and privacy (Gordon, Loeb, Lucyshyn Zhou, 2015). One of the major threats that plague the cybersecurity industry is cybercrime. The cybercrimes range from the attacks on the website to the denial of the service to extortion to blackmail to theft of information from companies and government bodies. Since the scope of attacks are vast the current position of the cyber security is industry is quite vul nerable. Currently, the cybersecurity industry encompasses a range of devices that the consumers would not be able to see but benefit from it. Two questions (MCQ) In what ways the external environment have impacted the cyber security industry? Cyber security has become an important political issue b) number scandals have shook the internet c) distribution of cloud-base services d) All of the above What is the current position of the cyber security industry and in what ways it can preclude the threats? Tangential issues pertaining to the industry b) leverage of trails c) Digital trails d)All of the above References Gordon, L. A., Loeb, M. P., Lucyshyn, W., Zhou, L. (2015). Externalities and the magnitude of cyber security underinvestment by private sector firms: a modification of the Gordon-Loeb model.Journal of Information Security,6(1), 24. Harel, Y., Gal, I. B., Elovici, Y. (2017). Cyber Security and the Role of Intelligent Systems in Addressing its Challenges.ACM Transactions on Intelligent Systems and Technology (TIST),8(4), 49.