Get the app today! App Store Play Store

One Fifth Of Firms Admit To Being Held Ransom By Cyber Attack

Published on Aug 9 2017 10:13 AM

One Fifth Of Firms Admit To Being Held Ransom By Cyber Attack

One fifth of Irish businesses surveyed has admitted to have been held ransom by cyber criminals in the past 12 month a recent survey has shown.

It also outlined that 73% of companies have reportedly made changes to their IT security in reponse to the WannaCry ransomware incident, in May earlier this year, whereby almost 200,000 computers in 150 countries, including Ireland, 'were infected by the unprecedented WannaCry ransomware attack'.

Despite widespread upgrades to Irish security systems since the attack, DataSolutions found that a significant 30% of respondents still don’t think that their organisation is capable of protecting itself against emerging threats, reported Irishexaminer.ie.

If held to ransom, 19% of Irish businesses 'would pay up to €50,000 to recover their data' from cybercriminals.

"The results of this year’s survey highlight that ransomware remains an effective weapon for cybercriminals seeking to extract money from Irish businesses," said David Keating, security specialist with DataSolutions.

Last month Reckitt Benckiser posted a 'challenging' first-half which it attributed to a new type of sophisticated cyber-attack, according to its first-half results.

The Durex and Nurofen maker said that key impacts have been reduced factory operations, delayed shipping and invoicing, and in some circumstances, lost sales, and a a 2% decline in line-for-like revenue.

"From an operational perspective, as expected we had a tough first half, with challenging conditions exacerbated by a sophisticated cyber-attack." Rakesh Kapoor, chief executive officer, said at the time.

© 2017 - Checkout Magazine by Donna Ahern

Share on Facebook Share on Twitter Share on Google+ Share on LinkedIn Share on Tumblr Share via Email