In February, 2019, KrebsOnSecurity contacted Buca di Beppo, an Italian restaurant chain, after revealing that the company’s customers’ 2 million card numbers could be found on the black market. Do you need additional business funding such as a restaurant loan to make your business better protected? This article is here to help you with all this.
Breach at Restaurant Operator Earl Enterprises
Buca’s parent company also had a 10-month breach of payments at a number of restaurants. Several of its brand locations, such as Earl of Sandwich, Planet Hollywood, Chicken Guy, Mixology, as well as Tequila Taqueria were among these locations.
As Earl Enterprises reported, the hackers had gained access to credit/debit card numbers, expiration dates, as well as a number of names of cardholders. According to the company, the incident didn’t affect their online orders.
Now, Earl Enterprises is carrying out an investigation concerning the incident. The company has hired 2 cybersecurity firms for this purpose and is also working with law enforcement bodies.
Specifically, what the malicious hackers did was to get access to card data from companies by hacking into POS systems remotely. They attacked with the help of malicious software so that to copy account data available on a card’s magnetic stripe. This data can be used to clone the cards and use the counterfeits to obtain expensive merchandise from electronics stores and major retailers.
Restaurant Loan to Overcome a Data Breach
2019 started tough for personal information. Data breaches were reported at Facebook, Toyota, Georgia Institute of Technology, and Earls Enterprises, the parent company of Planet Hollywood, as it was already mentioned above.
How are you trying to protect your business? What steps are you taking to prevent online payment fraud? In fact, all you need to do is to turn to a reputable payment processing company to get the best protection for payment transactions. If you need some working capital to get fraud prevention services, just apply to a respectable alternative online lender like FirstAmericanMerchant.com.
First American Merchant is a BBB-accredit business funding provider and an award-winning credit card processor that specializes in the high risk space.
According to what cybersecurity Brian Krebs wrote about of the Earl Enterprises’ incident, it’s critical to constantly check your credit card bills. Cardholders aren’t on the hook for fraudulent charges, but your bank won’t always detect card fraud. So, you should keep a close eye on your monthly statements and report in case you find any suspicious charge just right off the bat.
Facebook announced some time ago that the company anticipated to be fined up to $5 billion by the Federal Trade Commission for privacy violations. The penalty would hit a record by the agency against a technology company.
Finally, the Washington legislature has recently passed aimed at expanding the state’s consumer data breach notification requirements. The law was passed after data breaches victimized 3.4 million people in Washington from July 2017 to July 2018, thus accounting for 26% growth as compared to the previous year.