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Wednesday, October 20, 2021

Cost of cyber attack on HSE could rise to half a billion euro, Government Committee hears

The cost of the cyber attack on the Health Service Executive (HSE) IT systems could rise to half a billion euro.

CEO of the HSE, Paul Reid, said that the immediate cost of the attack amounted to over €100 million.

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However, Reid said that this figure will rise substantially when other figures are implemented.

Fine Gael Senator Martin Conway said that he would expect the overall figure to rise to half a billion euro.

Paul Reid confirmed that Conway was correct, adding that substantial investment is needed to protect the systems.

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Reid continued to say that investment is needed in upgrading the IT systems, and funding will need to be made available to put a security operation centre in place to deal with future attacks.

He went on to warn that the HSE may not have seen the worst of the cyber attack yet.

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