According to a NACSOnline article, comsumption of gasoline has declined to an 11-year low, 4.3% below this time last year for the 110,000 independent gasoline retailers reeling from decreased demand, high prices and warehouse club competition.
Although times may be tough for all retailers and cost cutting is high among priorities, security is one area that cost cuts should never be made. With the average fines from a data breach on a non-compliant entity now reaching $500,000 the independent retailers simply may not have the resources to cover these fines. Data security and compliance are insurances that keep you protected any time. Is losing a business anytime over a breach worth it ?
