A new report reveals that 41% of Irish firms experienced at least one cyber attack event in a six month period from September 2019 to February 2020.
This is among the findings of a study of 5,569 companies across eight countries that was commissioned by insurer Hiscox, which includes Irish data for the first time.
Today’s report also shows that 6.5% of Irish firms paid a ransom following a ransomware attack.
The Hiscox Insurance study group shows that the most heavily targeted sectors were financial services, manufacturing and technology, media and telecoms with 44% of firms in each sector reporting at least one incident or breach.
It also reveals that the total cost of cyber incidents and breaches among the 335 Irish companies in the study group was over €113m, the second lowest total of the eight countries surveyed.