A new survey this week found that 78% of C-suite executives would be willing to pay a cyber ransom, with 56% said they would be willing to pay over $100,000 in order to resume business operations.
Security company Arctic Wolf surveyed 1,400 senior IT decision makers and business executives in the U.S., U.K. and Canada and found there was a general lack of faith in government’s ability to protect them from cyber threats.
Some 60% of businesses believed that spending on new security tools and services is the most effective way at stopping cyber attacks.
To read the full results, click here.
