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Book part
Publication date: 31 July 2023

Michael Nizich

Abstract

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The Cybersecurity Workforce of Tomorrow
Type: Book
ISBN: 978-1-80382-918-0

Article
Publication date: 19 April 2022

Anna Cartwright, Edward Cartwright, Lian Xue and Julio Hernandez-Castro

Ransomware is a relatively new form of financial extortion that is proving a major cyber-security threat to individuals and organisations. This study aims to investigate factors…

Abstract

Purpose

Ransomware is a relatively new form of financial extortion that is proving a major cyber-security threat to individuals and organisations. This study aims to investigate factors that may influence an individual's willingness to engage in a ransom payment.

Design/methodology/approach

This study ran a large survey (n = 1,798) on a representative sample of the UK population. This study elicited willingness to pay (WTP) ransomware and also reasons for not wanting to pay a ransom to criminals. This study then used non-parametric tests and regression analysis to identify factors that influence WTP.

Findings

This study finds that women and younger age groups are significantly more willing to pay a ransom, as are those who store photos. There is a strong positive relationship between concern for data breach and WTP a ransom.

Originality/value

To the best of the authors’ knowledge, this is the first large scale study to look at WTP ransomware. This study identifies a range of factors that can help inform law enforcement to target advice about ransomware attacks.

Details

Journal of Financial Crime, vol. 30 no. 3
Type: Research Article
ISSN: 1359-0790

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