Irish firms suffer the highest median cost in Europe from cyber-attacks, at almost €92,000, a major new survey claims. Cyber incidents and breaches cost sampled Irish companies €113m over a six month period, with one unnamed Irish company suffering total cyber losses of €17.8m. The results form part of a Europe-wide study by Hiscox Insurance, with 125 of 335 Irish companies surveyed found to have suffered a cyber-attack in that period. The report also claims that 6.5pc of Irish firms paid a ransom following a ransomware attack. Irish firms are also most likely to have a standalone cyber insurance policy (38pc), according to the report.

Source: Irish Independent June 22, 2020 10:07 UTC