Cyber attack halves TalkTalk profits

Jessica TranterLast Update : Thursday 12 May 2016 - 9:28 AM
Cyber attack halves TalkTalk profits

TalkTalk profits halve after cyber attack

Talktalk logoImage copyright Getty Images

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

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2016-05-12 2016-05-12
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Jessica Tranter