November 30, 2018
Marriott says its guest reservation system has been hacked, potentially exposing the personal information of approximately 500 million guests.
The hotel chain said Friday the hack affects its Starwood reservation database, a group of hotels it bought in 2016 that includes the St. Regis, Westin, Sheraton and W Hotels.

Marriott said hackers had gained "unauthorized access" to the Starwood reservation system since 2014, but the company only identified the issue last week.
"The company recently discovered that an unauthorized party had copied and encrypted information, and took steps towards removing it," Marriott said in a statement.
For 327 million people, Marriott says the guests' exposed information includes their names, phone numbers, email addresses, passport numbers, date of birth and arrival and departure information. For millions others, their credit card numbers and card expiration dates were potentially compromised.
Marriott warns that it can't confirm if the hackers were able to decrypt the credit card numbers.
"We fell short of what our guests deserve and what we expect of ourselves. We are doing everything we can to support our guests, and using lessons learned to be better moving forward," said CEO Arne Sorenson.
The hotel chain said it has reported the hack to law enforcement.
Marriott said it will begin emailing guests affected by the breach and has created an informational website. There's also a call center that's been set up.
The company said it's giving guests a free membership to WebWatcher, a personal information monitoring service. It's also telling guests to monitor their loyalty accounts for suspicious activity, change their account passwords and check credit card statements for unauthorized activity.
Today's revelation marks one of the biggest corporate data beaches in history. It's second behind one involving Yahoo, which said in 2017 that 3 billion accounts encompassing several of its brands were compromised. AdultFriendFinder revealed in 2016 that 412 million accounts were hacked.
Because the hack involves customers in the European Union and the United Kingdom, the company might be in violation of the recently enacted General Data Protection Regulation.
Mark Thompson, the global lead for consulting company KPMG's Privacy Advisory Practice, told CNN Business that hefty GDPR penalties will "likely" be slapped on the company.
"The size and scale of this thing is huge," he said, adding that it's going to take several months for regulators to investigate the breach, but that he expects class action lawsuits to quickly materialize.
In the United States, the New York Attorney General's office said it has opened an investigation into the data breach. The office told CNN Business that the company hasn't yet notified the AG about the data breach, which is required under state law.
Marriott's (MAR) stock is plunging on the news, falling more than 5% in early trading. The combined company has 6,700 properties in more than 129 countries.
Business
Global Vehicle to Grid Market 10 Year Forecast Report 2024-2034 - Supportive Government Regulations and Financial Incentives for V2G Deployment
DUBLIN, March 18, 2024 /PRNewswire/ -- The "Vehicle to Grid (V2G) Market Report 2024-2034" report has been added to ResearchAndMarkets.com's offering. World revenue for Vehicle-to-Grid (V2G) Market is forecast to surpass US$ 4.31 billion in 2024, with strong revenue growth through to 2034. Escalating Demand for Electricity, Coupled With a Global Commitment to Reduce Reliance on Fossil Fuels, Resulting in a Surge in the Adoption of Electric VehiclesThe vehicle-to-grid (V2G) market is witnessing unprecedented growth driven by a confluence of factors shaping the future of sustainable transportation and power management. Key drivers include the escalating demand for electricity, coupled with a global commitment to reduce reliance on fossil fuels, resulting in a surge in the adoption of electric vehicles (EVs). This market is characterized by opportunities that lie in the integration of renewable energy sources, such as solar and wind, to meet energy demands, while also addressing challenges associated with the variable nature of these sources.The primary driver for the V2G market is the escalating demand for electricity worldwide. Governments and industries are increasingly recognizing the need for sustainable and low-emission solutions, driving the widespread adoption of EVs. The electrification of the transportation sector not only addresses environmental concerns but also provides a unique opportunity for EVs to serve as mobile energy storage units. This bidirectional flow of power, where EVs can both draw and supply energy to the grid, is a key driver propelling the V2G market forward.Opportunities in the V2G market are abundant, particularly in the integration of renewable energy sources. As countries strive to meet ambitious renewable energy targets, V2G technology becomes an enabler for managing the intermittent nature of solar and wind power. This creates opportunities for smart grid solutions and advanced energy storage systems. Additionally, the idle times of parked EVs present an untapped opportunity for bidirectional ...Full story available on Benzinga.com
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