Simon Chassar, CRO of Claroty commented: "Ransomware attacks on Point of Sale (POS) platforms can have disastrous impacts on the hospitality industry, pioneering to service downtime and long-term disruption."
He adds, "Research shows that 51% of the food and beverage sector reported substantial disruption when hit by a ransomware attack in 2021. Moreover, these attacks can cause significant financial losses for organisations, with more than a third stating that the revenue impact of operational disruption would be at least one million dollars per hour."