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Update: WannaCry — Most Would Pay

Posted By Administration, Tuesday, June 6, 2017

Carbon Black surveyed 5,000 U.S. consumers about their trust in corporations for keeping their data safe. Part of the questioning involved the WannaCry ransomware virus. The crisis a few weeks ago in 150 countries is the first most had heard of ransomeware. That’s odd because ransomeware has been a problem for a decade or more.

What is most surprising is the number of people who’d pay the ransom if it happened to them:

  52% said they’d pay the ransom if their computer or data is taken hostage

  Only 12% said they’d pay $500 or more

Experts are advising people to be prepared. Verizon did a report in 2014. Then ransomeware was the 22nd most common form of malware. Today it is number-five. The quick-buck approach to profits means it could even rise above that point in the future.

As for the rest of the world. Financial institutions and healthcare providers are trusted by about 70% of us. But only 52% trust retailers.

Consumers — overall — think the responsibility of keeping their data safe lands at the feet of the individual business. They do not believe it is the responsibility of cybersecurity vendors, software vendors and providers like Microsoft, Apple and Google and government agencies like the FBI, NSA and CIA to keep their data safe.

 

Source link: BizReport

Tags:  Cyber Breach  Cyber Insurance  Cyber Security  Insurance Content  Insurance Industry  Insurance news  Special Report: The WannaCry Virus Aftermath  Update: WannaCry — Most Would Pay  virus  Weekly Industry News 

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