A third of companies would rather pay a hacker’s ransom, research reveals
New research by NTT Security shows that one-third (33%) of organizations would contemplate paying ransom if they were targeted in a ransomware attack, since they think paying up would be cheaper than investing in cybersecurity. Moreover, 36% would choose paying ransom over risking a fine for non-compliance under the EU’s General Data Protection Regulation (GDPR).
The survey also found that many business leaders are aware that cybersecurity incidents could impact their organization in the coming year. Executives are most concerned about cyber attacks (43%), data loss or theft (37%), and attacks targeting critical infrastructure (35%).