Industry & Business

Human Error is the Biggest Security Threat to Irish Businesses

 Breaking News
  • Greencore to Divest US Business in $1 Billion Deal Greencore Group, the Irish and UK convenience food business, has agreed to sell its entire US business to an affiliate of Hearthside Food Solutions for US$1.075 billion (£817 million) on a cash and debt-free basis. Hearthside is a major US contract food manufacturer with a heritage in US food industry outsourcing. The disposal will leave [...]...
  • Research and Innovation Critical to Business Success Post Brexit The Managing Director of the Industry Research and Development Group (IRDG) says increased investment in research and innovation by both the business sector and the State is critical in order for Irish businesses to survive the hard hitting impact of Brexit. Denis Hayes says despite budget 2019 proposals State expenditure on research and innovation will [...]...
  • Irish Distillers to Invest €150 Million in Sites in Cork and Dublin Irish Distillers has announced investment of over €150 million in its sites in Cork and Dublin to meet demand for its products as the Irish whiskey renaissance continues apace. This is accelerated by the continued growth of the company’s flagship Jameson brand, which is now in double or triple-digit growth in more than 80 markets [...]...
  • CM Precision Components Opens New Purpose-built Factory in Downpatrick Downpatrick-based CM Precision Components Ltd has officially opened its new 16,000 sq ft manufacturing facility at Invest Northern Ireland’s Killough Road Industrial Estate. The advanced engineering firm has invested almost £1 million in the construction project, to expand its production capabilities and meet the growing demands of its customers. CM Precision Components produces precision machined components for [...]...
  • Arkphire Secures New Investment IT solutions and networking company, Arkphire, has announced that Bregal Milestone, a private capital firm, has completed an investment into the business. The investment by Bregal Milestone comes from their new €400 million pan-European fund dedicated to investing in high-growth European companies. Typical commitments from Bregal Milestone range from €20 million to €60 million. Arkphire provides [...]...

Human Error is the Biggest Security Threat to Irish Businesses

Human Error is the Biggest Security Threat to Irish Businesses
July 25
09:34 2018

The majority (60%) of senior IT decision makers consider human error to be the greatest cyber threat facing Irish businesses, according to the results of new research commissioned by specialist IT solutions distributor, DataSolutions. The July survey* of 111 Irish IT decision-makers also revealed that 93% of respondents claim that their organisations now have a formal cyber defence strategy.

The independent survey shows that almost two thirds (63%) of respondents feel that their organisations are not equipped to deal with all emerging threats. More than three quarters (76%) expect to increase their cybersecurity spend in 2018. Many businesses are planning a significant increase; with 30% indicating a rise in spend of over one quarter.

While security spend is due to increase this year, more than half (51%) of IT professionals still feel there is insufficient budget in their organisation for investing in new security infrastructure, suggesting many still have steps to take to fully protect their business.

The survey found that 57% of respondents considered phishing attacks, which target employee negligence through disguised malicious emails to be a serious security threat. This was followed by malware (54%) and ransomware (52%) as the most worrying security threats.

The survey also revealed that 19% of Irish businesses have been held to ransom by a hacker, but the vast majority (78%) claim they would never pay it.

Commenting on the survey findings, David Keating, security specialist, DataSolutions, said: “It is really encouraging to see companies investing more in their cybersecurity strategy. This is needed in an ever-evolving and increasingly sophisticated threat environment. Of those surveyed, 70% recognise the highly complex nature of modern cyber threats as the leading reason why security teams are not fully prepared to face today’s challenges.

“One-third of respondents feel that their security teams are not completely prepared for today’s cyber security challenges due to a lack of training. An increased focus on training could help equip companies for the biggest perceived security threats. From carelessness and error to phishing attacks, most of the leading security threats are heavily influenced by people and so employee cybersecurity training is a no-brainer for business leaders who are serious about cyber protection.

“Ransomware remains a very real concern for Irish businesses. Almost one in five organisations have been held to ransom, showing that it is a popular method for cybercriminals to generate revenue. Companies need to remain on-guard against not just ransomware but the myriad of cyber threats, with continued investment in security technologies and teams.

“Simply throwing more money at cyber security is not the answer to these new challenges. Organisations must adopt a strategic and targeted approach to effectively combat threats. Investing in current cybersecurity technology is a logical step for many, although one in five IT professionals admitting to using out-dated technology.

“Irish businesses are starting to take a more mature approach to security and accept that it is very likely they will be hit by an emerging threat. Hackers are always going to be one step ahead, so it is essential that companies have the right defence technology in place.”

DataSolutions will host its sixth annual Secure Computing Forum in the Aviva Stadium in Dublin on Thursday, 20th September 2018. It is one of Ireland’s largest cybersecurity events and more than 400 IT and business professionals are expected to attend. This year’s forum will investigate whether the development of AI presents a silver bullet for cyber-security and look at the ongoing threat posed by ransomware. For more information and to purchase tickets (€60) for the event, visit: https://www.securecomputingforum.ie.

* This survey was commissioned by DataSolutions and carried out by TechPro in July 2018 among 111 senior IT professionals and decision-makers in businesses based in Ireland, which were typically larger enterprises.

CAPTION:

Pictured are (L-R): Susan Cahalane, account manager, Check Point Software Technologies; Michael O’Hara, group managing director, DataSolutions; and David Keating, group security sales director, DataSolutions. Photo credit: John Ohle.

About Author

admin

admin

Related Articles

New Subscriber





Subscribe Here



Advertisements



















National Manufacturing Conference & Exhibition 2018

NIBRT Springboard Success Stories



Upcoming Events

  • No upcoming events
AEC v1.0.4