Cloud Security Alliance says infosec wonks would pay $1m ransoms

[InfoSec News <alerts () infosecnews org>]

http://www.theregister.co.uk/2016/01/14/cloud_security_alliance_says_infosec_wonks_would_pay_1m_ransoms/

By Team Register
14 Jan 2016

Some companies will pay hackers up to US$1 million in ransoms to claw back 
stolen data according to a poll by the Cloud Security Alliance.

The survey garnered 209 respondents of which half were in IT security and 
a third from tech with most hailing from companies with up to 1000 staff 
and a quarter from large enterprises with over 50,000 employees. Half of 
those responding were from the US, and a quarter from Europe, the Middle 
East and Africa.

The report (PDF) found a quarter of respondents would pay ransoms to 
prevent the release of sensitive corporate data.

14 said they'd pay more than $1 million to black hats to prevent sensitive 
data dumps.

[...]



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