VEON Announced The Completion Of The Preliminary Assessment Of Financial Impact Of The Cybersecurity Incident That Affected The Network And Services Of Its Ukrainian Subsidiary Kyivstar In December 2023
Portfolio Pulse from Benzinga Newsdesk
VEON has completed a preliminary assessment of the financial impact caused by a cybersecurity incident at its Ukrainian subsidiary Kyivstar in December 2023. The incident had affected the network and services of Kyivstar.
January 18, 2024 | 8:50 am
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NEGATIVE IMPACT
VEON has announced the completion of a preliminary assessment of the financial impact due to a cybersecurity incident at Kyivstar, which may affect investor confidence and the company's financial stability in the short term.
The announcement of a cybersecurity incident typically leads to negative investor sentiment as it raises concerns about potential costs, loss of revenue, and damage to the company's reputation. Although the assessment is preliminary, the news could lead to a short-term decline in VEON's stock price due to the uncertainty and potential financial implications.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80