According to the Lookout study, four million Android users paid ransoms that ranged from $300-$500 to unlock their devices last year. Industry analysts fear that some Malware may have infiltrated devices at the factory level and are actually coming pre-loaded as such out of the box.
It’s tough enough to deal with cyber crime on a personal level, but the cost of such mobile mayhem on business is escalating to new heights. More than 68% of global organizations have experienced a breach of mobile security in the last year. Experts cite the lack of password protection, lost or stolen devices, lack of “VPN or firewalled networks” and fraud, as the top mobile security threats on business.
How close to home does all this hit our industry? VERY, according to a recent Independent Restaurateur post which reports restaurants account for 73% of the data breaches in the United States – a 29% increase over the last three years.
Estimates provide the cost to independents can escalate to hundreds of thousands of dollars for just one data breach. Considering that seven out of ten restaurants are independent according to the National Restaurant Association, no business is immune.
It’s tough for anyone trying to maintain a cyber secure environment to conduct business. Worse yet, you could have a system in place, not pay attention to it and face the types of unfathomable financial fallout like Target. (The chain spent $61 million batting clean up in the first 90 days.) Bloomberg Business reports that analysts estimate the retailer’s post-breach costs could “run into the billions”.
Unfortunately, P.F. Chang’s 33-location-breach of consumer credit data may be the tip of the iceberg. Here are five articles you may find helpful on the subject:
How To Prevent Target-like Data Breaches -Fierce Retail IT
Restaurants: How To Fight Back Against Data Thieves -QSR Magazine
Top Mobile Security Tips -Telegraph
Protect Your Network From Hackers -National Restaurant Association