Capita says 2023 cyberattack costs a factor as it reports staggering £100M+ loss
March 6, 2024 at 07:39AM Capita reported a net loss of £106.6 million in 2023 due to a cyberattack by the Black Basta ransomware group, which incurred costs exceeding initial estimates. This resulted in a 20% drop in market capitalization. The new CEO plans further cost cuts to save £100 million by mid-2025. Capita continues … Read more