Search engine for discovering works of Art, research articles, and books related to Art and Culture
Javascript must be enabled to continue!
Ransomware Splash Screens, Loss Aversion and Trust: Insights from Behavioral Economics
View through CrossRef
Ransomware is a fast-evolving form of cybercrime in which a ransom is demanded to restore access to a victim’s encrypted files. The business model of the criminals relies on victims being willing to pay the ransom demand. In this paper we use insights from behavioural economics to see how the framing of a ransom demand may influence willingness to pay the ransom. We then report the results of an experiment in which subjects (n=93) were shown eight different ransom demand splash screens, based on well-known examples of ransomware. The subjects were asked to rate and rank the ransom demands on six criteria that included willingness to pay and willingness to trust the criminals. This allows a within-subject comparison of different ransom demand frames. We find that trust is the main determinant of willingness to pay. We also find that positive framing is likely to increase willingness to pay compared to negative framing.
Title: Ransomware Splash Screens, Loss Aversion and Trust: Insights from Behavioral Economics
Description:
Ransomware is a fast-evolving form of cybercrime in which a ransom is demanded to restore access to a victim’s encrypted files.
The business model of the criminals relies on victims being willing to pay the ransom demand.
In this paper we use insights from behavioural economics to see how the framing of a ransom demand may influence willingness to pay the ransom.
We then report the results of an experiment in which subjects (n=93) were shown eight different ransom demand splash screens, based on well-known examples of ransomware.
The subjects were asked to rate and rank the ransom demands on six criteria that included willingness to pay and willingness to trust the criminals.
This allows a within-subject comparison of different ransom demand frames.
We find that trust is the main determinant of willingness to pay.
We also find that positive framing is likely to increase willingness to pay compared to negative framing.
Related Results
Early Detection of Windows Cryptographic Ransomware Based on Pre-Attack API Calls Features and Machine Learning
Early Detection of Windows Cryptographic Ransomware Based on Pre-Attack API Calls Features and Machine Learning
Ransomware attacks are currently one of cybersecurity's greatest and most alluring threats. Antivirus software is frequently ineffective against zero-day malware and ransomware att...
Mass Exchange of Water and Soil on the Soil Surface in the Rainfall Splash Erosion
Mass Exchange of Water and Soil on the Soil Surface in the Rainfall Splash Erosion
This research aims to unfold the mass exchange mechanism of water and soil on the soil surface in the rainfall splash erosion process. We regard the rainfall splash erosion process...
Ransomware Classification with Deep Neural Network and Bi-LSTM
Ransomware Classification with Deep Neural Network and Bi-LSTM
Malicious attacks, malware, and ransomware families present essential risks to cybersecurity and may result in significant harm to computer systems, data clusters, networks, and mo...
KRDroid: Ransomware-Oriented Detector for Mobile Devices Based on Behaviors
KRDroid: Ransomware-Oriented Detector for Mobile Devices Based on Behaviors
Ransomware has become a serious threat on Android and new cases of ransomware are continuously growing. Most existing ransomware detectors use sensitive text or APIs to detect rans...
Optimisation de portefeuille en présence des biais comportementaux
Optimisation de portefeuille en présence des biais comportementaux
La finance comportementale est une nouvelle science qui remet en question les principes de la finance classique qui est basée sur la rationalité des investisseurs et l’efficience d...
Risk Aversion
Risk Aversion
Abstract
The decision‐making situation under risk is defined and the certainty equivalent of a lottery with unidimensional outcomes is introduced. An agent is globally ri...
Effects of Ransomware: Analysis, Challenges and Future Perspective
Effects of Ransomware: Analysis, Challenges and Future Perspective
This review paper highlights the challenges and best practices in malware analysis, specifically focusing on the age of ransomware. It provides an overview of malware and its impac...
Autonomy on Trial
Autonomy on Trial
Photo by CHUTTERSNAP on Unsplash
Abstract
This paper critically examines how US bioethics and health law conceptualize patient autonomy, contrasting the rights-based, individualist...