There are many instances where businesses take a hit on their revenues after a breach, but then bounce back fairly quickly. Here’s an example where one victim hasn’t bounced back after a costly breach. The Telegraph reports:
The outsourcing giant that collects the BBC licence fee has slumped to a £107m loss after it was hacked last year in an attack carried out by suspected Russia-linked cyber criminals.
Shares in Capita plunged by as much as 23pc in early trading on Wednesday after it said it swung into the red in 2023 compared to a £61m profit the year before.
Capita blamed the loss on additional costs including £25m to recover from a hack on its pensions business. The costs are at the top end of the range it had estimated.
Read more at The Telegraph.
