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Cyberattacks identified as number one threat to Irish businesses

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Cyberattacks have been identified as the number one threat to Irish businesses, according to a survey by professional services firm Aon.

The company’s latest global risk management survey indicated businesses here are more worried about possible technology incursions and data breaches than about another economic slowdown, rising input prices, reputational damage or supply chain disruption.

The cyber risk also ranked ahead of business interruption, pandemic risk and Brexit for Irish businesses.

“With the increased reliance on technology amidst a surge in remote working and an almost 400 per cent increase in the number of ransomware attacks over the last two years, cyberattacks/data breach topped the list of risks in Ireland, ” the company said.

Aon also noted that cyber risk was also identified as the number one current and predicted future risk globally, the issue’s highest ranking since the survey began in 2007.

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