Here is an article based on the Silicon Republic report:
A Significant Cyber Threat: Nearly One-Third of Irish Businesses Paid a Ransom in the Past Year
A recent survey conducted by Expleo and published by Silicon Republic on July 17, 2025, has revealed a concerning trend within Ireland’s business landscape: a substantial proportion of companies have been compelled to pay ransoms to cybercriminals in the preceding twelve months. The findings indicate that nearly one-third of Irish firms have fallen victim to ransomware attacks and subsequently paid to recover their data or restore operations.
This statistic underscores the persistent and evolving nature of cyber threats faced by businesses of all sizes. Ransomware, a type of malicious software that encrypts a victim’s files, demanding a ransom payment for their decryption, continues to be a formidable challenge for cybersecurity professionals. The survey’s results suggest that despite increasing awareness and investment in cybersecurity measures, a significant number of Irish businesses are still finding themselves in a position where paying the ransom appears to be the only viable option.
The implications of these findings are far-reaching. Beyond the immediate financial cost of the ransom itself, businesses that experience such attacks often incur substantial indirect costs. These can include the disruption of operations, loss of productivity, reputational damage, legal fees, and the cost of implementing enhanced security measures in the aftermath of an incident. Furthermore, paying a ransom does not guarantee the successful decryption of data or prevent future attacks, and it can inadvertently fuel the cybercriminal economy.
While the survey highlights a worrying trend, it also serves as a critical reminder for organizations to strengthen their defenses. Experts consistently advise that a proactive and multi-layered approach to cybersecurity is essential. This includes robust data backup and recovery strategies, regular software updates and patching, employee cybersecurity awareness training, and the implementation of advanced threat detection and prevention tools.
The Expleo survey’s data provides valuable insight into the current state of cybersecurity resilience among Irish businesses. As the digital landscape continues to evolve, it is imperative that companies remain vigilant, prioritize cybersecurity, and invest in the necessary resources and expertise to mitigate the ever-present risk of cyberattacks. The findings serve as a strong call to action for businesses to reassess their cybersecurity posture and ensure they are adequately prepared to face these significant digital challenges.
Nearly one-third of Irish firms paid a cyber ransom in last year
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Silicon Republic published ‘Nearly one-third of Irish firms paid a cyber ransom in last year’ at 2025-07-17 07:43. Please write a detailed article about this news in a polite tone with relevant information. Please reply in English with the article only.