Ukraine's Kyivstar allocated $90 million to deal with cyberattack aftermath

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Ukraine's leading mobile operator Kyivstar has allocated $90 million to deal with a suspect Russian cyberattack on its services and said it had hit its growth.

FILE PHOTO:A woman walks past a store of Ukraine's telecommunications company Kyivstar, amid Russia's attack on Ukraine, in Kyiv, Ukraine December 12, 2023. REUTERS/Alina Smutko/File PhotoUkraine's leading mobile operator Kyivstar has allocated $90 million to deal with a suspect Russian cyberattack on its services and said it had hit its growth.

"Before the cyberattack, we were moving with an increase of 11 per cent-12 per cent quarter-on-quarter in 2023. The cyberattack ate up about 3 per cent of annual growth," CEO Oleksandr Komarov told the Interfax-Ukraine news agency. Komarov said the mobile operator allocated 3.6 billion hryvnia to deal with the aftermath of the attack.

Kyivstar, owned by Amsterdam-listed mobile telecoms operator Veon, has 24.3 million mobile subscribers, as well as more than 1.1 million home internet subscribers.

 

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