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Cybersecurity Breaches The Risks and How to Mitigate Them

17 March, 2017

TIn the last 12 months, the number of cybersecurity attacks has grown significantly. The Central Bank of Ireland has also recently released its guidance paper on cybersecurity risk.

Groups However, it is not just large institutions that need to be aware of this threat. Businesses of all sizes are potential targets to a cybersecurity attack.

The potential ramifications of a cybersecurity breach can be devastating, such as loss of customer confidence, damage to company reputation and extensive administrative costs in dealing with all affected stakeholders. However, there are a number of actions a business can take to reduce the likelihood of a cybersecurity breach and deal with the consequences where the company suffers an attack.
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