October is National Cybersecurity Awareness Month. Restaurants and small businesses can be big targets for cyber criminals, and particularly vulnerable during the busy holiday season, which informally kicks off this month. With increased transactions and data exchanges, it's crucial for these businesses to bolster their defenses against potential cyber threats.
Verizon’s 2023 DBIR reports 74% of breaches involve the human element. This means your team plays a crucial role in cybersecurity. An average data breach now costs $4.9 million. Ransomware is even costlier, averaging $5.2 million, and thieves have stolen over 1 billion records. These numbers highlight the urgent need for better security practices across all industries.
Let’s take a look at some of the ways today’s fraudsters are attacking organizations, as well as some best practices for limiting risk and impact.
Social engineering poses significant risks to restaurants and small businesses. Cybercriminals often target these businesses by exploiting human interactions to access sensitive information.
Andy Bolin, North’s Chief Information Officerobserves, “No matter the size of the business, the greatest security risks today come from social engineering and phishing attacks. These attacks trick individuals into clicking on malicious links or documents that introduce spyware, malware, and viruses into their networks and systems, or into innocently giving up their credentials to malicious actors. Almost every major breach reported recently has been due to some type of credential compromise.”
He goes on to emphasize, “Business owners and employees must enable multi-factor authentication (MFA) on their accounts to protect against credential theft, change their passwords periodically, and never give their usernames or passwords to anyone asking for them via email, forms, or phone call, no matter who they claim to be.”
Some examples of social engineering tactics:
Phishing Phishing is another common technique where attackers send emails that look like they come from suppliers or service providers. They might trick your staff into clicking on malicious links or attachments.
Attackers often push false urgency, gift card requests, fake invoices, and vendor bank changes. Teach your staff to slow down and verify what they are seeing and being asked for.
To protect your restaurant or small business, always verify unexpected requests for sensitive information. Train your staff regularly to recognize and report suspicious activities. Use security software including antivirus and firewalls, ensuring they are always updated. Be skeptical of offers that appear too good to be true. Limit the information shared on public platforms, like social media, to reduce risk.
Restaurants and small businesses can enhance their network security with a few straightforward steps. Here’s how:
Each of these steps can significantly help protect your business from potential threats.
To enhance the security of your passwords and sign-ins, consider the following steps:
Safeguarding your business from cyber threats requires consistent and proactive measures. This National Cybersecurity Awareness Month is the perfect time to implement robust cyber hygiene practices that can significantly reduce your risk.
By focusing on key areas like phishing awareness, password security, and network safety, you empower your team to be the first line of defense against cyberattacks.