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The average cost of fraud to organisations in Ireland is €1.7m

Written by Robert McHugh, on 24th Oct 2016. Posted in General

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Ireland’s cybersecurity conference, Dublin Info Sec 2016, will be coming to the RDS Dublin on November 15th.

At the conference, private and public sector cybersecurity expert panels will address IT security topics including the threat of ransomware, human factors in cybersecurity and Ireland’s cyber resiliency, crucially, highlighting IT security tools and technologies in the face of increasing risks to businesses in Ireland.
 
The average cost of fraud to organisations in Ireland has increased from €498,000 in 2014 to €1.7m with the incidence of cyber attacks almost doubled since 2012. 
 
A Dublin Info Sec 2016 survey has found that 60% of businesses in Ireland expect a cyber attack to occur in the next year while 45% have already experienced a cyber attack on their business.
 
As to how prepared the country would be in the event of a cyber attack on the State, nearly 90% of respondents believe that Ireland is not prepared.  However, 76% also say the internet should not be taken over by the government in the event of a cyber attack.

The conference, which will be opened by Tanaiste and Justice Minister Frances Fitzgerald, will be an important one for industry and key influencers in the area of cyber crime in Ireland, aimed at 'C-suite' and senior business executives.

Speakers include, WikiLeaks journalist, Sarah Harrison, followed by a panel discussion asking, 'Whistleblower: Champion or Saboteur?' which promises to be a provocative debate about the actions of WikiLeaks and whistleblowers in society, politics and business in general.

Cyberpsychology expert Dr. Mary Aiken, Adjunct Associate Professor at University College Dublin, Academic Advisor (Psychology) to the European Cyber Crime Centre (EC3) at Europol and Cybersecurity Consultant Brian Honan are also confirmed for the event.

Managing Director of eir Business, Bill Archer says, "Cyber-attacks are undoubtedly on the rise and businesses are increasingly exposed to the risk of an attack. Organisations, therefore, need to be proactive and continuously work on enhancing their cyber security measures. We are delighted to be involved with Dublin Info Sec 2016, examining critical security issues that threaten businesses and providing guidance on how to mitigate against the risks."

Source: www.businessworld.ie

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