• Ignoring POS system security
Another deadly mistake prevalent in modern business is ignorance of the POS system security. For instance, some companies operate in unsecured WI-FI systems that anyone can access without any difficulties. Also, others do not have policies on how to secure information on the selling points. Furthermore, some entrepreneurs do not have passwords or firewall to protect the privacy of the data, and also every staff can access it at any time.
With the increasing cases of cybercrime frauds targeting retail business, neglecting the point of sale system security provides fraudster a green ground for executing their operations leaving your business on its knee.
In this regard, while installing a retail POS system, you need to ensure that it has the necessary security features. Also, you must come up with reliable security measures that block any loopholes which cyber fraudsters can take advantage of to access confidential information from your business.