Cyber Ransom—Hand over the Money and We Won’t Hurt Your Kid
Okay, Mr. Corporate America, we have your 10-year-old daughter. Hand over your credit card data, your new product designs, your customer lists. No, we won’t let her go, but we promise to be ‘pure.’ I guess the word creepy comes to my mind. Terror, maybe, comes to others. A business decision to others. “We have not caved,” says Sony, but the message was clear. Not only had Sony servers been hacked, data erased and other information damaged, but there was greater brand and financial damage.
A business decision. Yes. Somewhere along the way, corporations did make decisions on investments. Our research for the Business Priorities 2014 survey regarding priorities and spend for the year showed that cyber and security investments were pretty low on the list.2 Obviously, last year cyber security did not make the cut. Too bad, because according to FBI Director James Comey, “There are two kinds of big companies in the United States. There are those who’ve been hacked and those who don’t know they’ve been hacked.” Coming from the US’s top law enforcement officer, that is a scary thought.
And according to Michael Lynton, Sony Entertainment CEO, the FBI said that Sony’s cyber security technology was in sync with 90% of the rest of corporate America.