Finance Breaking news Sopra Steria to take multi-million euro hit on ransomware attack last financial news

Breaking-Finance.Com - IT services firm Sopra Steria says it expects the ransomware attack it suffered earlier this year to hit its operating margins by up to €50 million.

Finance Breaking news Sopra Steria to take multi-million euro hit on ransomware attack last financial news

Breaking-Finance.Com - IT services firm Sopra Steria says it expects the ransomware attack it suffered earlier this year to hit its operating margins by up to €50 million.

Finance Breaking news Sopra Steria to take multi-million euro hit on ransomware attack last financial news
26 November 2020 - 09:00

Breaking-Finance.Com - IT services firm Sopra Steria says it expects the ransomware attack it suffered earlier this year to hit its operating margins by up to €50 million. The company revealed in October that it had been hit by hackers using a new version of Ryuk ransomware.It now says that the fallout, with various systems out of action, is likely to have a gross negative impact on operating margin of between €40 million and €50 million.

.5% and five per cent (previously between two per cent and four per cent). Free cash flow is now expected to be between €50 million and €100 million (previously between €80 million and €120 million).However, Sopra Steria says sales activity for the fourth quarter should not be significantly affected by the hack and that it has not identified any data leak.

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Finance Breaking news Sopra Steria to take multi-million euro hit on ransomware attack last financial news


Finance Breaking news Sopra Steria to take multi-million euro hit on ransomware attack last financial news


Finance Breaking news Sopra Steria to take multi-million euro hit on ransomware attack last financial news


Finance Breaking news Sopra Steria to take multi-million euro hit on ransomware attack last financial news

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