Digital and financial security are critically important for all businesses. Square recently surveyed more than 200 leaders from large businesses to better understand their biggest worries, areas of focus, and ways they prepare for potential threats and react when something goes wrong. These companies were primarily in the retail and restaurant industries, most with annual revenues of $1 million to $25 million. Nearly 40% of those surveyed have been victims of security attacks, such as hacking, data breaches and fraud. As cyber threats and attacks become more sophisticated and prevalent, a growing number of businesses are at risk of financial loss, reputational damage and legal liability.
Whether you’re operating a small shop, online business, or a growing chain, insights from this survey can help you reinforce security in the most sensitive areas. And you’ll learn how to maximize the return on your investments in software and systems to run day-to-day operations and scale your business.
Download the Square 2023 Security Survey Report
A survey of business owners
Surveyed retailers and restauranteurs share their top security concerns from cyber security and data breaches to payment fraud. Business owners surveyed share the real life costs associated with not only preventing security breaches but resolving them as well.
A shortlist of ways businesses are preventing fraud and cyber breaches before they happen. These insights are informed by top security concerns for retail and restaurant businesses.
Opportunities for automation
As artificial intelligence and machine learning are increasingly adopted for business use cases, are there opportunities for your business to automate and streamline business operations that are vulnerable to bad actors?