Dark Reading is part of the Informa Tech Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them.Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

Attacks/Breaches

6/22/2016
09:20 AM
50%
50%

Majority Of SMBs Would Not Pay Ransomware Attackers

Study by IDT911 reveals most small- to midsized business owners have no cyber insurance, and lack resources to ward off cyberattacks.

A survey of US small and mid-sized business owners on ransomware attacks found that 84% wouldn't pay cybercriminals even if it meant loss of data. Only 3% would be willing to pay $10,000 or more, while 10% were okay with giving between $1 and $100.

The study, conducted by identity theft protection service provider IDT911, surveyed 1,035 SMB owners in the US in the wake of reports that businesses face rising ransomware threat. Ransomware attacks have increased by 300% over last year, according to Symantec.

Some 65% of SMBs say they won't allocate budget for ransomware issues, although 60% acknowledge the impending ransomware threat; 22% say they are nsure how to even back up their files. While 75% of the respondents do not have cyber insurance, those aged between 18- and 34 years old are more likely to opt for it.

Adam Levin, founder and chairman of IDT911, said ransomware is the "Zika virus of the business world."

“We’re talking about complete and utter paralysis of systems that could spell lost revenue, viciously impacted customers and a potential near-extinction level event for a business," he said.

For full survey results, click here.

Dark Reading's Quick Hits delivers a brief synopsis and summary of the significance of breaking news events. For more information from the original source of the news item, please follow the link provided in this article. View Full Bio
 

Recommended Reading:

Comment  | 
Print  | 
More Insights
Comments
Oldest First  |  Newest First  |  Threaded View
COVID-19: Latest Security News & Commentary
Dark Reading Staff 8/10/2020
Researcher Finds New Office Macro Attacks for MacOS
Curtis Franklin Jr., Senior Editor at Dark Reading,  8/7/2020
Lock-Pickers Face an Uncertain Future Online
Seth Rosenblatt, Contributing Writer,  8/10/2020
Register for Dark Reading Newsletters
White Papers
Video
Cartoon Contest
Current Issue
Special Report: Computing's New Normal, a Dark Reading Perspective
This special report examines how IT security organizations have adapted to the "new normal" of computing and what the long-term effects will be. Read it and get a unique set of perspectives on issues ranging from new threats & vulnerabilities as a result of remote working to how enterprise security strategy will be affected long term.
Flash Poll
The Changing Face of Threat Intelligence
The Changing Face of Threat Intelligence
This special report takes a look at how enterprises are using threat intelligence, as well as emerging best practices for integrating threat intel into security operations and incident response. Download it today!
Twitter Feed
Dark Reading - Bug Report
Bug Report
Enterprise Vulnerabilities
From DHS/US-CERT's National Vulnerability Database
CVE-2020-17505
PUBLISHED: 2020-08-12
Artica Web Proxy 4.30.000000 allows an authenticated remote attacker to inject commands via the service-cmds parameter in cyrus.php. These commands are executed with root privileges via service_cmds_peform.
CVE-2020-17506
PUBLISHED: 2020-08-12
Artica Web Proxy 4.30.00000000 allows remote attacker to bypass privilege detection and gain web backend administrator privileges through SQL injection of the apikey parameter in fw.login.php.
CVE-2020-2035
PUBLISHED: 2020-08-12
When SSL/TLS Forward Proxy Decryption mode has been configured to decrypt the web transactions, the PAN-OS URL filtering feature inspects the HTTP Host and URL path headers for policy enforcement on the decrypted HTTPS web transactions but does not consider Server Name Indication (SNI) field within ...
CVE-2020-5415
PUBLISHED: 2020-08-12
Concourse, versions prior to 6.3.1 and 6.4.1, in installations which use the GitLab auth connector, is vulnerable to identity spoofing by way of configuring a GitLab account with the same full name as another user who is granted access to a Concourse team. GitLab groups do not have this vulnerabilit...
CVE-2020-6653
PUBLISHED: 2020-08-12
Eaton's Secure connect mobile app v1.7.3 & prior stores the user login credentials in logcat file when user create or register the account on the Mobile app. A malicious app or unauthorized user can harvest the information and later on can use the information to monitor and control the user's ac...