Security News > 2021 > March > CompuCom MSP expects over $20M in losses after ransomware attack
American managed service provider CompuCom is expecting losses of over $20 million following this month's DarkSide ransomware attack that took down most of its systems.
The Company expects to incur expenses of up to $20 million, of which the Company assumes approximately $10 million will be accrued through the first quarter of 2021.".
CompuCom also expects that a share of the expenses incurred after the ransomware attack will be covered by cyber insurance.
The MSP is still working on restoring service delivery to customers since the ransomware hit its network and expects to "Have service delivery restored to substantially all of its customers" by the end of March.
The company also notified the customers that they were compromised by malware soon after the attack, but didn't share any info about a possible ransomware attack.
DarkSide ransomware hit other organizations in the past, including the Brazilian Eletrobras and Copel energy companies, Discount Car and Truck Rentals, and Brookfield Residential.
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