Report: Cyber attacks on Irish businesses on the rise

The study by Hiscox found that more than 7 in 10 Irish companies suffered attacks

The number of businesses targeted in Ireland rose sharply but the cost of attacks dropped significantly. Picture: file

Cyber attacks on Irish businesses have shot up in 2023, according to new research by Hiscox. The study found that 71 per cent of Irish companies suffered at least one cyber attack in the last 12 months, up from 50 per cent last year.

The most common point of entry for attacks was through a corporate-owned server (57 per cent), while the main source of financial loss was payment diversion fraud (43 per cent).

The ...