Of those hit by ransomware attacks: “26% took the hardline approach of not paying any of the ransom demand. Another 11% chose not to pay themselves but allowed an insurance provider or outside entity to pay some portion of the ransom. In 41% of the cases, the victims chose to pay the ransom in full, while the remaining 22% agreed to only pay a portion of the ransom that was negotiated with the attackers.”
Other findings:
*Most organizations suffering a cyber breach did not disclose it.
*43% of those surveyed do not expect their enterprises to increase cybersecurity spending in 2023, not because they don’t need better security but because their corporate budgets don’t allow increased spending.
The firm reached app. 700 IT executives for its survey.
Read how organizations around the globe are establishing security priorities and addressing top challenges.
Source: The State Of Cybersecurity: 2023 Trends Report | Arctic Wolf