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Half of Irish firms unprepared for cyber risks: EY

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Ernst & Young L.L.P. said in a report that about half of the businesses in Ireland lack real-time insight on cyber risks, and many businesses are not ready to tackle cyber attacks, reported RTE.ie.

EY said 47% of businesses are doubtful they could detect a cyber attack. Respondents cited malware threats and cyber attacks targeting financial data as the top external threats. Around 82% of the firms said their spending on security would rise during the coming 12 months.

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