Kyivstar cyberattack expected to cost parent VEON about $100 million in revenue
SpilloverSpillover from the Kyivstar incident · View original incident →Ukraine's Kyivstar suffered a cyberattack that was expected to cause revenue losses for its parent company VEON Ltd. The expected revenue loss is about $100 million.
Key facts
- Affected organization
- VEON Ltd.
- Original incident
- Cyberattack on Ukraine's Kyivstar knocks out telecom services
- Incident type
- Hacking & intrusion
- Occurred / detected
- Not confirmed
- Scale of damage
- Expected revenue loss of about $100 million
- Cause / method
- Cyberattack on subsidiary Kyivstar
- Location
- Ukraine
Timeline
- The expected revenue loss for parent company VEON Ltd. from the Kyivstar cyberattack was put at about $100 million.
Original incident
This is spillover from the Kyivstar incident.
Cyberattack on Ukraine's Kyivstar knocks out telecom services
Impact: Telecom services disrupted, part of infrastructure damaged, revenue losses estimated at about $100 million
On December 12, 2023, Kyivstar, Ukraine's largest mobile operator, was hit by a cyberattack that disrupted telecom services and damaged part of its infrastructure. Parent company VEON announced on December 19 that services had been restored. Revenue losses from the attack were later estimated at about $100 million, and Ukraine began gathering evidence to prosecute the attackers.
Related reports: 11 · last report →
1 related reports
The summary and key facts are written by AI from related reports and may contain errors. Check the original articles and the organization’s official statements for accurate details.