HITBGSEC

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

https://regmedia.co.uk/2015/02/15/money_76358642.jpg?x=648&y=348&crop=1

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 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.