As technologies continue to move to the cloud, point of sale (POS) systems are following that trend and becoming increasingly cloud-based. Cloud-based POS systems can offer many advantages over the more traditional “hardwired” systems.
Last Friday, a huge ransomware attack began in Europe, Japan, China and is still lingering. The WannaCry software has locked thousands of computers in more than 150 countries. Users are confronted with a screen demanding payment in order to restore their files.
Ransomware is a very fast growing and threatening type of malware attack. Everyone is a target, no matter how large or small your company is. Large companies like Target, T.J. Maxx, and Home Depot, have been attacked and had their customer data compromised. But what about smaller businesses? 1 in 5 small businesses hit by a ransomware attack are forced to close their doors. They just aren't able to afford the payment demands and have lost years of company data.
Luckily, Friday's the attack was thwarted before it could hit every state in the U.S., but it's not over. The attackers will realize how they were stopped, they’ll change the code, and start again. Your POS software and firewall updates are urgent right now. Your POS solutions provider can make these updates. There are solutions available to help you safeguard your POS system and your biusiness. The cost to protect yourself from a threat can be far lower than the cost in time & money of losing your data, and not being able to serve your customers or potentially having to rebuild your IT infrastructure. Download our "7 Tips to Defeat Ransomware" for additional information. Just one tip could save your business.
As a restaurant owner, protecting your employees and customers is probably one of the most challenging parts of your job. Drawing customers into your restaurants for increased business must be balanced with the concerns of crime, loss, liability, food safety and security.
In March of this year, the owner of Hard Times Café in Rockville, MD tried to log onto his back office system and the screen was frozen. He could not access any files and spent hours on the phone with his POS Solutions provider when he was greeted with a ransomware message demanding $10,000, paid by Bitcoin, to release encrypted files.
Ransomware is a type of malware that prevents users from accessing their system, either by locking the system's screen or by locking the user’s files unless a ransom is paid through certain online payment methods to get a decrypt key.
The FBI’s advice was either pay the ransom or shut down your systems and rebuild from scratch. But Roth would rather wipe out the old and start again, before getting in business with criminals. And that’s what Hard Times Cafe did. More than three decades of data was gone, thirty-five full and part-time employees were out of work for a week while the restaurant was closed and revenue was lost.
Ransomware attacks are on the rise and have quadrupled in the first half of 2016 alone. According to CNN the digital extortion of ransomware is expected to grow to $1 billion by the end of 2016. You can’t prevent a ransomware attack, but you can protect against it.