Capita reports £107mn annual losses, blames cyberattack

Capita's share price plummeted 54% since the attack

clock • 2 min read
Capita reports £107mn annual losses, blames cyberattack
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Capita reports £107mn annual losses, blames cyberattack

Capita, the outsourcing behemoth, has revealed staggering annual losses totalling more than £106.6 million ($135.5 million), with a significant portion attributed to a cyberattack it suffered last March.

The attack, identified as a ransomware breach orchestrated by the notorious Black Basta group, wreaked havoc on the company's financial health, resulting in direct costs of £25.3 million ($32 milli...

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