Analysing the Potential Data Breach Threats in Cannabis Industry

With technology leading developments in various sectors, the cannabis sector ought to consider feasible cyber threats and rectify them properly to attain productivity in the sector.  

FREMONT, CA:Data Breaches in varied nations have exposed the personal information of 446 million people annually on an average note, highlighting the need for increased security around the world, including in the Asia-Pacific region. Furthermore, unless enhanced steps are taken to effectively protect against breaches, the breach count will continue to rise.Meanwhile, the emergence of digitised files and processes may be even more dangerous, as it has contributed to the rise in cybercrime over the last 20 years.

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Cannabis, on the other hand, provides diverse and formidable opportunities for business leaders to use technology in developing their organisations as a result of the modern age, which is expected to continue in the future. That is, the sector, in its pilot stage of innovation, holds the ability to build a base of technology, while streamlining processes and bolstering cybersecurity to tackle data breaches. However, companies in the sector are yet to leverage the right sources to avail themselves of enhanced cybersecurity practices.

In general, whether they are new cannabis businesses or established organizations, they frequently lack compliance measures such as individual logins and passwords, firewalls, and basic measures for effective ransomware and phishing scam prevention. 420 Cyber, on the other hand, effectively works with cannabis businesses to implement tailored cybersecurity solutions while enlisting the missing conditions to enforce security in the sector.Therefore, the industry has been under the radar for several years, while they are yet to examine the impacts of cyber breaches.

With a significant increase in attacks in the domain each year, cannabis businesses of all types, such as dispensaries, cultivation, manufacturing facilities, laboratories, and transportation organizations, frequently face potential risks of breaches. While customer data is becoming a primary concern following a cybercrime, proprietary information in a business is critical. Similarly, consumer trust is vital and can be earned with the right acquisition of their particulars like phone numbers, social security numbers, and credit card numbers.

However, establishing an organisation’s cybersecurity needs can be complex, requiring increased concentration. One testamental approach is enhancing the POS (point-of-sale) systems by resolving their potential vulnerabilities and thus ensuring the relatively crucial significance of the systems. That is, POS flaws may allow for inadmissible amounts of data breaches in a cannabis company, with the risk of shutting them down. As a result, analysing flaws and correcting them in real time helps boost cannabis sector organisations for more plausible growth.