Kyivstar Starts Restoring Voice Services On Its Network Following Widespread Cyber-Attack; Says The Full Financial Impact Remains Not Quantifiable At This Stage As The Restoration Of Services Continue
Portfolio Pulse from Benzinga Newsdesk
VEON Ltd.'s subsidiary Kyivstar is recovering from a cyber-attack that occurred on December 12, 2023, and is now restoring voice services. The full financial impact of the attack is currently unknown as service restoration is ongoing. Kyivstar is also working to restore data and SMS services within the next 24 hours and is cooperating with Ukrainian authorities to investigate the attack. VEON and Kyivstar have confirmed that consumer data was not compromised and are taking steps to enhance security measures.
December 13, 2023 | 6:54 pm
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VEON Ltd. is addressing a cyber-attack on its Ukrainian subsidiary Kyivstar. The company is restoring services and cooperating with authorities, but the financial impact is not yet quantifiable.
The cyber-attack on Kyivstar could lead to short-term negative sentiment towards VEON Ltd. as investors may be concerned about potential financial losses and the impact on the company's reputation. The uncertainty regarding the financial impact adds to the potential negative outlook in the short term.
CONFIDENCE 70
IMPORTANCE 75
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