Cyber crime affected one-in-three companies in the financial services, the public sector, manufacturing and IT in the past year.
The latest Irish Information Security and Cyber crime survey has found that the cost of each major incident was €41,875 on average and that 42pc of respondents suffered a loss of productivity as a result of cybercrime attacks.
Hacking was the most common method used to break through security for the majority of the companies surveyed.
But just 45pc of respondents indicated that cybercrime was a priority in terms of risk to the organisation..........
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