Infosec professionals have known for sometime that cyber crime will eventually start to hit the bottom line and stock price of companies who suffer from attacks. Here is some stark evidence of how much a cyber attack can cost.
TalkTalk's CEO puts a brave face on the fallout from the cyber-attack in October but the profit figures and customer losses paint a different picture. Not clear what steps TalkTalk has taken to address cyber-security TalkTalk has lost 160,000 retail customers since it became the victim of a headline-grabbing cyber-attack in October, contributing to a 56 percent fall in pre-tax profit for the financial year. Pre-tax profits for the 2016 financial year were £14 million compared to £32 million in FY15, the company said today when it published its preliminary results for the year to 31 March 2016.
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