Execs more likely to pay ransom if they've been previously hacked, survey finds - Becker's Hospital Review

Execs more likely to pay ransom if they’ve been previously hacked, survey finds

Whether an organization pays a ransom may depend on if it has faced a ransomware attack previously. The majority of IT executives (84 percent) whose organizations had not faced a ransomware attack said they would never pay a ransom, but almost half of executives (43 percent) whose organizations had been attacked said they would, according to a survey from cybersecurity and application delivery solutions provider Radware.

The survey polled more than 200 IT executives in the U.S. and U.K. It found U.S. companies appear more willing to say they would pay a ransom: 23 percent of U.S. executives said they were prepared to pay, compared to 9 percent of the U.K. executives.

“This is a harbinger of the challenging decisions IT executives will face in the security arena,” said Carl Herberger, vice president of security solutions at Radware. “It’s easy to say you won’t pay a ransom until your system is actually locked down and inaccessible.”

Execs more likely to pay ransom if they’ve been previously hacked, survey finds

More articles on ransomware:

Next Up in Health IT

Judy Faulkner: Epic doesn't stifle competition

Hospitals and health systems moving to new EHR platforms

Staff mistakes plague healthcare cybersecurity: Verizon report

More articles on ransomware:

Next Up in Health IT

Join the 500,000+ healthcare executives who start their day with Becker’s