Two-thirds of US companies would pay to avoid public shaming scandals after a breach by Razvan Muresan
From the post:
Some 66% of companies would pay an average of $124k to avoid public shaming scandals following a security breach, according to a Bitdefender survey of 250 IT decision makers in the United States in companies with more than 1,000 PCs.
Some 14 percent would pay more than $500k, confirming that negative media headlines could have substantial financial consequences. In a recent case, officials from Verizon, which agreed to buy Yahoo’s core properties for $4.83 billion in July, told reporters that the company has “a reasonable basis” to suspect that the Yahoo security breach, one of the largest ever, could have a meaningful financial impact on the deal, according to multiple reports.
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The ransomware report I was reading earlier said that 29% discounts off of original ransom demands are common and the trade tends to the low end, several hundred dollars.
Perhaps Barrons or the Wall Street Journal needs to find its way onto your reading list.