INCIDENT: 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.

Incident Date

June 27, 2017

Location

United States

Estimated Cost

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

Type of Malware:

Threat Source:

No threat source identified

References:

  • Hackers hit Nuance again in 2017, while NotPetya cost $98 million in lost revenue
  • Nuance says NotPetya attack led to $92 million in lost revenue

Industries:

Impacts

IT

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