Home » Business » According to a cybersecurity expert, numerous Irish companies are compelled to pay ransoms.

According to a cybersecurity expert, numerous Irish companies are compelled to pay ransoms.

With the increasing number of cyber attacks, cybersecurity has become a crucial aspect for most businesses in Ireland. However, despite taking various precautionary measures, it seems that many companies are still vulnerable to ransomware attacks. According to a leading cybersecurity expert, several Irish firms are being forced to pay ransoms to criminals after their systems were compromised. In this article, we will explore the reasons why Irish businesses are being targeted by these attacks and what they can do to ensure the safety of their systems.


The CEO of a cybersecurity company has cautioned Irish businesses that external assessments of their IT security are necessary as many have had to pay ransoms to recover their data. Kevin O’Loughlin, CEO of Nostra, warns that the risk of cyberattacks on Irish businesses and government agencies has never been higher and that self-assessments of IT vulnerabilities are not reliable. Hackers are becoming increasingly sophisticated and often target companies at weekends to erase backup data. O’Loughlin recommends basic measures such as updating patches, off-site backups, good antivirus, and firewalls, as well as two-factor authentication for all accounts and passwords. He also advises investment in cybersecurity training for staff and external IT expertise as necessary.


In conclusion, the rising threat of ransomware attacks is becoming a more significant concern for Irish firms. The recent report by a cybersecurity expert reveals that many businesses are becoming victims of ransomware attacks and are being forced to pay the price of their stolen data. However, it’s crucial to remember that prevention is always better than cure. Companies must prioritize the implementation of a comprehensive cybersecurity plan to protect their critical data against any possible threats. As technology continues to advance, it’s essential to remain vigilant and proactive in mitigating these ever-evolving cyber threats. It’s time for Irish businesses to take action and safeguard their valuable data assets by investing in robust cybersecurity measures.

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