Monday July 6, 2020

Over a third of Irish firms fall victim to economic crime

The frequency of cyber attacks has almost doubled since 2012, PwC survey finds

19th April, 2016
Lurking menace Pic: Getty

PwC said the average cost of fraud to an organisation in Ireland is now €1.7 million, up from €498,000 in 2014.

It also found that the frequency of cyber attacks had almost doubled since 2012, accounting for 44 per cent of all economic crime compared to 25 per cent two years ago, a higher rate than found globally at 32 per cent. Of those affected by cybercrime in Ireland, it found 18 per cent incurred losses...

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