TalkTalk profits halve after cyber attack
12 May 2016
- From the section Business
Telephone and broadband provider Talktalk saw profits more than halve following a hack attack on its systems last October.
Profits fell to £14m compared with £32m a year earlier.
That fall is partly due to the costs of last year’s serious cyber attack, which cost the company £42m.
Dido Harding, TalkTalk chief executive told the BBC: “We have significantly increased our spending on security. We take this extremely seriously.”
Source: BBC Business