The Danish hearing aid manufacturer Demant has quickly piled up a $95 million bill associated with a cyber incident that struck the company in early September.
In a September 26 financial statement, the company revealed how the cyber incident that began on September 3 has impacted the company’s financial situation. Demant executives credited the quick action taken by the firm’s IT department in shutting down its network for containing the attack and limiting damage. Additionally, the fact the data was backed up is enabling the company to recover.
Demant has not stated what type of attack took place, but did note it was a victim of a cybercrime.
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