Nuance Communications Cyberattack Results in $98M Revenue Loss

Nuance Communications, a major voice and language tool vendor, lost $98 million in revenue as a direct result of falling victim to the global NotPetya attack in June 2017, according to a recent Securities and Exchange Commission filing. That number is projected to increase as they move into 2018 to enhance and upgrade its security.

Estimated Cost

$68M in revenue and $24M in remediation and restoration efforts, in addition to “incremental amortization expenses.”

Threat Source

Impacts

IT