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.