UK's largest outsourcing firm loses $232m to ransom attack

UK-based outsourcing firm Capita has reported losses of more than £106.6 million (roughly Rs. 977 million) in 2023, about a quarter of which was directly caused by the ransomware attack it suffered in March of that year. Capita is currently involved in two data breaches, the first being the aforementioned ransomware incident and the second being the AWS S3 storage bucket exposure. Under the UK's data protection laws, if Capita is found to have failed to fulfill its data protection duties in either incident, the company could face fines of up to $4% of its global turnover. As of December 2023, Capita's global turnover was £2.8 billion (roughly Rs. 25.667 billion).

UK's largest outsourcing firm loses $232m to ransom attack

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