Further Stryker-like cyberattacks  a 'real risk' for Ireland's public finances, warns Ifac chair 

Mr Coffey warned that Ireland remains strongly reliant on companies from 'volatile sectors'

Ifac chair, Seamus Coffey. pic: Jim Coughlan

The chair of Ireland's fiscal watchdog has expressed concern that damaging cyberattacks like the one on medical technology company Stryker could be replicated on other large multinationals that contribute significantly to Ireland's corporate tax receipts.

Speaking to the Irish Examiner at University College Cork's (UCC) Economics Society's annual conference on Thursday, Seamus Coffey, chair of the Irish Fiscal Advisory Council (Ifac), said the prospect of further cyberattacks remained a worry due to Ireland's overreliance on a small number of multinational firms.