We study the statistics of peaks in a weak lensing reconstructed mass map of the first 450 square degrees of the Kilo Degree Survey. The map is computed with aperture masses directly applied to the shear field with an NFW-like compensated filter. We compare the peak statistics in the observations with that of simulations for various cosmologies to constrain the cosmological parameter $S_8 = sigma_8 sqrt{Omega_{rm m}/0.3}$, which probes the ($Omega_{rm m}, sigma_8$) plane perpendicularly to its main degeneracy. We estimate $S_8=0.750pm0.059$, using peaks in the signal-to-noise range $0 leq {rm S/N} leq 4$, and accounting for various systematics, such as multiplicative shear bias, mean redshift bias, baryon feedback, intrinsic alignment, and shear-position coupling. These constraints are $sim25%$ tighter than the constraints from the high significance peaks alone ($3 leq {rm S/N} leq 4$) which typically trace single-massive halos. This demonstrates the gain of information from low-S/N peaks. However we find that including ${rm S/N} < 0$ peaks does not add further information. Our results are in good agreement with the tomographic shear two-point correlation function measurement in KiDS-450. Combining shear peaks with non-tomographic measurements of the shear two-point correlation functions yields a $sim20%$ improvement in the uncertainty on $S_8$ compared to the shear two-point correlation functions alone, highlighting the great potential of peaks as a cosmological probe.
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