Irish businesses ‘review cyber security procedures after high-profile breaches’


by Joe Curtis| 05 December 2013

Tarnished reputations are one of firms’ biggest fears from a cyber attack, finds survey.

Nearly two-thirds of Irish companies have reviewed their IT security procedures in the wake of recent breaches, a survey has found.

Integrity Solutions announced the results of its November research today after speaking to attendees of the IRISS cybercrime conference in Dublin.

The survey found 59% of organisations have reviewed their procedures following cyber security breaches like that at Loyaltybuild, from which hackers stole around 376,000 people's card details.

The loss of confidential data was the most prominent fear for firms, cited by 66% of 130 surveyed, while other leading concerns included reputational damage at 57% and disruption to service at 52%.

Almost a quarter said their companies did not have any plan in place to cover a security breach, compared to 62% which said theirs did.

Sean Rooney, technical director at Integrity Solutions, said: "The fear of losing confidential data is very high at present. Businesses need to do everything in their power to guard data so that consumers are protected at all times.

"It's interesting to note that reputational damage is the next biggest concern, as any data breach can have serious consequences for an organisation's brand."

Post a comment

Comments may be moderated for spam, obscenities or defamation.

Join our network

716 people like this.
1558 people follow this.

Malware Intelligence

Buy the latest industry research online today!
See more
Privcy Policy

We have updated our privacy policy. In the latest update it explains what cookies are and how we use them on our site. To learn more about cookies and their benefits, please view our privacy policy. Please be aware that parts of this site will not function correctly if you disable cookies. By continuing to use this site, you consent to our use of cookies in accordance with our privacy policy unless you have disabled them.