Cyberattacks costing Irish SMEs €3.4bn annually

Day-to-day cyber incidents driving loss for SMEs, finds report

Day-to-day cyber errors and breaches are having a wider and often unrecognised impact on small and medium sized enterprises in Ireland.

Cyberattacks costing Irish SMEs €3.4bn annually

Cyberattacks are costing Irish small and medium-sized enterprises up to €3.4 billion annually, according to new research.

Cyberattacks costing Irish SMEs €3.4bn per year

Cyberattacks are costing Irish small and medium-sized enterprises up to €3.4bn per year with day-to-day cyber disruption driving much of the losses, research from Eir Business shows. SMEs were found to lose more than 7.2m working days every year due to cyber incidents, and affected businesses experience multiple incidents annually. For individual firms, the disruption equates to nearly three working weeks lost per year. The Hidden Cost of Cyber …

Repeated cyber disruption costing Irish SMEs up to €3.4bn annually

Cyber-attacks are costing Irish small and medium-sized enterprises (SMEs) up to €3.4 billion annually, but the greatest impact is not from major one-off breaches. Instead, repeated day-to-day cyber disruption is driving many losses, according to new research from eir business. The report, The Hidden Cost of Cyber Risk, which was supported by Microsoft and Dr. Mauricio Perez-Alaniz from the Kemmy Business School (KBS), University of Limerick, fin…