66% of Irish Businesses Plan Cybersecurity Upgrades, Electric Ireland Confirms Data Breach of 8,000 Accounts

A new report from Dell Technologies and the Executive Institute reveals that 66% of Irish businesses plan to upgrade their cybersecurity due to increasing cyber threats. Electric Ireland confirms a recent data breach compromising around 8,000 customer accounts. Additionally, the State of Data Security Report shows that 80% of companies prioritize data security initiatives in the next year. Concerns about security preparedness in the quantum era are also highlighted, with 61% of firms expressing worries. The average company allocates only 9% of its IT budget to security, despite 24% of IT professionals rating their security and compliance strategy as 'reactive.'