A recent research study by IBM Security estimates that the average cost of a data breach is $4.7 million. Each stolen record will cost a company $141, and the average size of data breaches according to a 2017 study, is 24,000 records. If you multiply $141 x 24,000 records you have incurred $33,840 worth of notification and recouping costs for your restaurant.
As an owner, you work long hours at your restaurant. A jack of all trades, you are cooking meals, calculating payroll, and taking payments on any given day. You’ve done these jobs so much that you can practically do them in your sleep. But did you know that the simple things can leave you liable for putting your patron’s data at risk?
In your business, chances are you gain people’s personal data. Depending on the business this could be credit and debit card information during transactions with customers, ID or driver’s license numbers from drivers, account numbers for your supplies and business partners, and the Social Security numbers of your employees (along with their account information for direct deposit). All this information is your business’s responsibility to protect, otherwise you expose your clients and employees to identity theft and your own company to lawsuits. [Read more…]
Every business, from your local community bank to your favorite hotdog stand, uses a computer to conduct business. From financial transactions to book keeping to company documents, we do and store a lot of our business on our computers—not just desktops, but also on our smartphones and tablets. There are six points of weakness in any computer system, learn what they are, and how to stop it. [Read more…]