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

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