Cyber crime costs firms 2.7% of turnover

Digital crime costs Irish organisations an average of 2.7 per cent of their turnover for the year, with a single incident costing an estimated €135,000, a new survey has claimed.

According to the annual Deloitte Information Security and Cybercrime Survey, which was carried out in association with EMC, about 40 per cent of firms in Ireland have had at least one security breach in the past 12 months. Of these firms, 21 per cent said there had been up to five breaches, and 7 per cent recorded more than 20 incidents.

The cost of simply cleaning up a security incident came in at just under €30,000 on average, the survey found.

SOURCE: irishtimes.com

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