Lack of investment leaving firms open to cyber attack

Irish organisations are putting themselves at risk of a costly cybersecurity attack by failing to implement robust measures to protect themselves, a new report has warned.

However, while Irish companies appeared to recognise the importance of investing in cybersecurity defences, the report indicated they may not be investing as much as their global counterparts. Only two thirds of companies said they were planning to increase their cyber budget, compared with the global figure of 77 per cent.Birthday blues: when chief executives get reflective, companies suffer

The PwC survey questioned more than 4,000 business and tech executives across 71 countries, including Ireland, on how the technology and security landscape is evolving.

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