
French IT services giant Sopra Steria said today in an official statement that the October Ryuk ransomware attack will lead to a loss of between €40 million and €50 million.
Sopra Steria is a European information technology firm with 46,000 employees in 25 countries providing a large array of IT services, including consulting, systems integration, and software development.
“The remediation and differing levels of unavailability of the various systems since 21 October is expected to have a gross negative impact on the operating margin of between €40 million and €50 million,” Sopra Steria said. “The Group’s insurance coverage for cyber risks totals €30 million.”