Danish company reveals a possible ransomware loss of $95m

Demant, a hearing aid company, has revealed that it is expected to incur losses of up to $95 million, following a ransomware attack.

In a company announcement, on September 3, the company had experienced a critical incident on their internal IT Infrastructure.

In the announcement, the company stated that is was able to assess the financial impact of the incident, and it was found that the total negative financial impact on the firm ranged from DKK 550-560m ($80-95m). This figure also includes a deduction of DKK 100 ($15m) from insurance coverage.

Source: #Privacy: Danish company reveals a possible ransomware loss of $95m