Irish companies 'under cyber attack' from North Korea on almost daily basis

Irish companies are reportedly coming under cyber attack by North Korea on an almost daily basis.

A group associated with the North Korea regime is the main suspect behind the €4.3 million attack on Meath County Council last year, as reported in the Irish Independent.

A Hong Kong bank account obstructed the attempt to steal the money in October 2016. It had been transferred from the Council's Irish bank after a fake instruction in the name of a company CEO

The news comes as it was revealed today that more than 171,000 Irish businesses could be vulnerable to crippling ransomware attacks.

A nationwide survey on cybersecurity shows 48% of all businesses have NO cybersecurity policy in place and only 13% of businesses questioned are confident their data is secure.

The Magnet Networks Survey was carried out among 205 companies across all sectors and regions.

Cybersecurity expert James Canty says the results are alarming.

"Particularly smaller businesses have very limited cybersecurity controls in place and very limited cybersecurity policies in place.

"The consequences for this is that they are extremely vulnerable, they're computer systems and networks are extremely vulnerable, but also any particular customer data that they may be holding is likely to be quite vulnerable," he said.

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