The document summarizes the findings of a survey of 200 IT executives in the US and UK about how their companies are responding to ransom-based cyber attacks. It reports that UK executives are less willing to pay ransoms than US executives, with only 9% of UK executives saying they would pay versus 23% in the US. Over half of UK businesses have invited or are open to inviting hackers to assess their cyber security. On average, ransoms demanded of UK companies are higher at £22,000 compared to $7,500 in the US. Executives who have not experienced an attack are less likely to say they would pay a ransom compared to those who have already been attacked.

1. Only 9% of U.K. executives said
they would pay a ransom,
compared to 23% in the U.S.
U.K. executives are fighting fire
with fire. 57% of U.K. businesses
have invited hackers to assess their
cyber security or are willing to do so.
U.K. companies are being held
hostage for more money. The average
ransom amount in the U.S. is $7,500
versus £22,000 in the U.K.
84% of executives that had not
been attacked said they would not
pay a ransom, while 43% that had
been attacked paid.
Cyber Security Through The Eyes Of The C-Suite
C-level executives are grappling with a new breed of cyber-attacks. How are they responding to
ransom-based threats? Why are they turning to ex-hackers for help? Radware interviewed 200 IT
executives in the U.S. and U.K. to find out.
E X E C U T I V E S I D E N T I F Y N E W T H R E A T S & E M E R G I N G O P P O R T U N I T I E S
https://www.radware.com/c-suite-security-report-2016/
Only 9% of U.K. executives said
they would pay a ransom,
compared to 23% in the U.S.
U.K. executives are fighting fire
with fire. 57% of U.K. businesses
have invited hackers to assess their
cyber security or are willing to do so.
U.K. companies are being held
hostage for more money. The average
ransom amount in the U.S. is $7,500
versus £22,000 in the U.K.
To Pay or Not To Pay
Held Hostage Keep Your
Friends Close and
Your Enemies Closer
Refusal of Payment
84% of executives that had not
been attacked said they would not
pay a ransom, while 43% that had
been attacked paid.
© 2016 Radware,Ltd. All Rights Reserved.
www.radware.com
To Pay or Not To Pay
Held Hostage Keep Your
Friends Close and
Your Enemies Closer
Refusal of Payment