Radware released its 2018 Executive Application and Network Security Report. For the first time in the survey’s five-year history, a majority of executives (53%) reported paying a hacker’s ransom following a cyber attack.
According to the report, 69% of executives said that their company faced a ransom attack in the past year, compared with only 14% noting so in 2016. Meanwhile, two-thirds of executives (66%) report a lack of confidence in their network security, admitting their networks are penetrable by hackers. Beyond more frequent ransom payments, organizations are facing significant consequences and concerns related to cyber-attacks.
Read more about the findings of the new report by Radware on Help Net Security.