The latest Hiscox Cyber Readiness Report shows that the frequency of cyber-attacks in Ireland has increased by 26% year-on-year.
Irish businesses paid out ransoms more regularly, with 25% paying five times or more to recover data. "The median cost of an attack here has risen sharply, by nearly a third, to just over €15,300, and for some of the worst hit businesses costs topped €4.5m," he said.