Security News > 2019 > October > Danish company Demant expects to suffer huge losses due to cyber attack

Danish hearing health care company Demant has estimated it will lose between $80 and $95 million due to a recent “cyber-crime” attack. Though the company has yet to share details about the “IT infrastructure incident”, it is widely believed to be the work of ransomware-wielding attackers. What is known? The attack started on September 2 and, apparently, the company quickly decided to shut down IT systems across multiple sites and business units: Still, the reaction … More → The post Danish company Demant expects to suffer huge losses due to cyber attack appeared first on Help Net Security.

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