According to the 2023 Data and Digital Leadership Survey conducted by Arthur Cox, 44% of respondents would authorise ransom payments in the event of a ransomware attack, provided it is legally and economically feasible. The survey of over 150 in-house lawyers, data protection officers and compliance officers from various sectors, including healthcare, financial services, technology and utilities, reveals that cybercrime is a greater concern than generative artificial intelligence (GenAI). While 57% of respondents reported that their organisation already uses GenAI tools, only 16% rated their impact as significant. The survey highlights that ransomware attacks are a serious concern for businesses and professionals dealing with its aftermath.
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