Wed, 06 Jul 2022

Working from home makes businesses more vulnerable to cyber attacks

Khalid Umar Malik
17 May 2022, 04:49 GMT+10

DUBLIN, Ireland - According to a new survey, just under half of the Irish businesses experienced at least one cyber-attack in the previous year.

According to the latest Hiscox Cyber Readiness Report, the frequency of cyber-attacks in Ireland has increased by 26%.

According to the global study, Ireland is the only country surveyed where cyber is not viewed as the top business risk; instead, the pandemic is the most concerning.

Irish companies paid ransoms more frequently, with 25% paying five times or more to recover data.

Irish firms also had some of the lowest average ransom costs in the study, with ransom payments of €12,600 and recovery costs of €9,900.

In 2021, the highest single ransom paid in Ireland was €42,693.

According to the study, more than three out of every five respondents believe their business is more vulnerable to an attack due to employees working from home.

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