Capita says 2023 cyberattack costs a factor as it reports staggering £100M+ loss
ID: af473c91-d4f3-5e54-a680-ede1e2e2edee
STIX ID: report--af473c91-d4f3-5e54-a680-ede1e2e2edee
Feed Name: The Register (Security)
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Capita reported a £106.6M net loss for 2023 partly driven by a March ransomware attack attributed to the Black Basta group that cost the company £25.3M, disrupted its pensions administration, reduced cash from operations, and resulted in the posting and sale of stolen customer and confidential documents; the company is engaging with the ICO, monitoring the dark web, and implementing further cost reductions.
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