Caribou Coffee Data Breach

Caribou Coffee experienced a major data breach in late December surrounding their point of sale (POS) system, which prompted the company to issue a notice to guests about being exposed by an unauthorized third party. The cyber attack, the latest in a string of security issues for restaurants, involved at least 265 of the Caribou Coffee’s branches, although it remains unclear how many customers were affected.

According to reports, the information exposed was from guests who visited between August 28 and December 3. Caribou said there is a possibility “that [customer’s] name and credit card information, including card number, expiration date and card security code may have been accessed as a result of this unauthorized activity. Payments made through [customer’s] Caribou Coffee Perks account or other loyalty account were not affected. Any catering orders placed online with Bruegger’s Bagels, Einstein Bros. Bagels, Manhattan Bagel and Noah’s NY Bagels were also not affected by this breach.”

Often times we hear from clients and prospective clients that “we don’t house any data, everything is stored in the cloud”.  This can provide a false sense of security as those systems too can be hacked, leaving your company with a Third Party Liability scenario. IBA can place your business with a cyber insurance policy that covers a policyholder in the event their cloud data is hacked, lost, or stolen. Contact us today to learn more!

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