Nearly half of Irish small firms hit by cyber attacks since 2019

Companies said the average cost of the breaches was €8,500

The combined cost over the last three years is €2.3 billion. Picture: Getty

Cyber security breaches have cost Irish SME’s a combined €2.3 billion over the last three years, a new study has found.

Almost 50 per cent of small and medium enterprises in Ireland said they’ve been targeted by multiple cyber security breaches since 2019, while the average cost of these breaches stood at €8,500.

The study, which was jointly carried out by Vodafone Ireland and Microsoft Ireland, estimates the total cost of these cyber attacks on ...