Nuance Communications says NotPetya attack has cost it $98 million since June
Another U.S. software company has disclosed its losses due to the infamous NotPetya cyberattack. Nuance Communications — a U.S. computer software company that provides applications for speech and imaging to financial and healthcare companies — is claiming that the June 2017 attack cost the company $98 million in lost revenue. Nuance also said that its expecting more losses from the cyberattack this year. The Burlington, Massachusetts-based company disclosed information about its losses in a 10-Q filing with the Securities and Exchange Commission (SEC). In the filing, the company says the attack mainly affected healthcare companies using its software for transcription services and order processing. The company expects to lose more revenue this year when it enhances and upgrades its cybersecurity software, while still providing additional resources to its health companies. “For fiscal year 2017, we estimate that we lost approximately $68.0 million in revenues, primarily in our Healthcare segment, due to the service disruption […]
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