Daily Data Dive

PYMNTS Daily Data Dive: Trump’s Cybersecurity Executive Order

Trade Group Cyber Plans

We’ve seen quite a flurry of activity in the new Trump administration over the past week and a half.

The executive order on the table, which was signed on Jan. 31, deals with the issue of cybersecurity. Given the issues surrounding the 2016 election, it comes as no surprise that this administration would like to keep a closer eye on any future potential cyberattacks.

Through this piece of legislation, the budget office will have the full power to determine executive branch cyberrisks and next steps for improving the White House’s aging IT infrastructure.

Here are the numbers:

23 percent | Cyberattacks where $1,000–$5,000 was spent in recovery

56 percent | Fraud victims lost less than $500

18 percent | Occurrence of online fraud

26 percent | Victims age 18–29

11 percent | Victims over the age of 65

11 percent | People experiencing cyberextortion

71 percent | Received demands for payment to unlock encrypted data

53 percent | Refused to pay

15 percent | Paid four or more times

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