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Data hacks are number one fear for businesses

By John Mulgrew

A data security breach is the number one concern of a majority of Northern Irish firms.

That is according to a poll by the Northern Ireland Chamber of Commerce and Industry and the law firm Pinsent Masons.

More than four-fifths of companies quizzed in the survey identified a breakdown in information security as the corporate crisis they feared most.

The study asked businesses to compare the scenario against a number of other potential danger areas, including a health and safety-related accident, an allegation of bribery or a breach of environmental regulations.

Laura Gillespie, Pinsent Masons' litigation and regulatory partner, said the issue of security was a hot topic. "Obviously, data breaches generate considerable headlines, as we have seen in recent times with the TalkTalk example," she added.

And Ann McGregor, the chief executive of the Northern Ireland Chamber of Commerce and Industry, said: "The digital economy is growing, which is why businesses remain an attractive target for cyber-attacks."

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