TY - JOUR
T1 - Credit where it's due
T2 - A terrorist risk to hospitality and tourism is hidden in the cards
AU - Cetron, Marvin J.
AU - DeMicco, Fred J.
PY - 2006/2/15
Y1 - 2006/2/15
N2 - This study sought to clarify the risks posed by terrorism to the American financial industry, as exemplified by a major credit-card issuer with adjacent lending interests and how they would impact hospitality and tourism. It was structured as a multi-stage poll of general forecasters, whose views were critiqued and supplemented by subject specialists in the fields of terrorism and finance. This technique has proved highly successful in previous research by Forecasting International (FI), including a major study of terrorism for the Department of Defense. In general, participants doubted that a company in this segment of the financial industry would be specifically targeted by terrorists. Such an attack seems more likely to come from a disaffected individual, possibly with inside knowledge of the firm and its procedures. Possible threats could include sophisticated computer tampering, but a simple bombing, such as that in Oklahoma City, seemed both more probable and more likely to be devastating.
AB - This study sought to clarify the risks posed by terrorism to the American financial industry, as exemplified by a major credit-card issuer with adjacent lending interests and how they would impact hospitality and tourism. It was structured as a multi-stage poll of general forecasters, whose views were critiqued and supplemented by subject specialists in the fields of terrorism and finance. This technique has proved highly successful in previous research by Forecasting International (FI), including a major study of terrorism for the Department of Defense. In general, participants doubted that a company in this segment of the financial industry would be specifically targeted by terrorists. Such an attack seems more likely to come from a disaffected individual, possibly with inside knowledge of the firm and its procedures. Possible threats could include sophisticated computer tampering, but a simple bombing, such as that in Oklahoma City, seemed both more probable and more likely to be devastating.
KW - Hospitality industry
KW - Risk management
KW - Terrorism
KW - Tourism
UR - http://www.scopus.com/inward/record.url?scp=33746833578&partnerID=8YFLogxK
UR - http://www.scopus.com/inward/citedby.url?scp=33746833578&partnerID=8YFLogxK
U2 - 10.1300/J369v07n04_01
DO - 10.1300/J369v07n04_01
M3 - Article
AN - SCOPUS:33746833578
SN - 1537-8020
VL - 7
SP - 1
EP - 49
JO - Journal of Foodservice Business Research
JF - Journal of Foodservice Business Research
IS - 4
ER -