Veon, the parent company of Ukraine's largest mobile operator, Kyivstar, will take a hit of around 3.6 billion hryvnyas ($95 million) in revenue in 2024 due to a massive cyberattack in December, the Dutch telecoms group estimated. The estimated lost revenue is associated with measures Kyivstar has taken to compensate customers for inconveniences caused by the disruptions, Veon said. The cyberattack was the largest since Russia launched its war on Ukraine in February 2022, knocking out services including mobile phone, damaging IT infrastructure in several regions, and putting people at risk of not receiving air-raid alerts.
Cyberattack On Ukraine's Kyivstar Will Cost Parent Veon Almost $100 Million
A woman walks past a Kyivstar store in Kyiv.