More than half of all major Irish companies have been targeted by cyber attacks in the past 12 months, a new survey has claimed.
The study, carried out by Irish-based IT consultancy company Accenture, found that 58% of large Irish companies suffered attempted cyberattacks in the past year, although only 5% of these attempted breaches were successful.
However, 85% of companies say that the cost of cybersecurity measures to prevent these attacks is “unsustainable.”
Reportedly, 43% of Irish businesses which failed to reach ideal cybersecurity goals did so because of the associated costs.
In the past year, 82% of businesses surveyed say they increased spending on cybersecurity in the past 12 months.
“While the Irish organisations in our survey are far quicker than before at detecting a breach, mobilising their response and getting operations back to normal, cyber adversaries are getting more resourceful at finding new ways to carry out their attacks,” said Jacky Fox, group technology officer at Accenture Security.
Notably, the major HSE cyber attack which occurred earlier in the year appears likely to cost the state over €100 million, according to research by Irish=managed IT services company Typetec.
Survey shows paying ransom following a cyber attack is not always successful https://t.co/3pLR72mOFf
— Irish Independent Business (@IndoBusiness) October 21, 2021