When a cyber worm dubbed “NotPetya” infected the systems of some 7,000 companies worldwide last year, few if any of them were prepared for the equivalent of a pandemic computer virus. It was a costly incident that caught many companies flatfooted.
Nuance Communications, which provides speech and imaging software and operates in 35 countries, lost $68 million in revenue last fiscal year due to the attack, according to company spokesman David Seuss. The company also had to pay $24 million in other expenses for “remediation and restoration.”
Read Full Article »