Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  London Stock Exchange  >  TalkTalk Telecom Group    TALK   GB00B4YCDF59

TALKTALK TELECOM GROUP (TALK)
Mes dernières consult.
Most popular
Report
Delayed Quote. Delayed  - 11/23 05:35:10 pm
152.8 GBp   -0.97%
11/23 TALKTALK TELECO : ex-dividend day for interim dividend
11/20 FTSE recoups early losses as cyclicals recover
11/20 TALKTALK TELECO : Black Friday Deals
SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector newsTweets

TalkTalk Telecom : Cyber attacks have long-lasting business impact - Lloyd's of London

share with twitter share with LinkedIn share with facebook
share via e-mail
0
06/28/2017 | 01:13am CET
Inga Beale, Chief Executive Officer, Lloyd's, attends the annual meeting of the World Economic Forum (WEF) in Davos

Businesses in Europe underestimate the "slow-burn" effects of cyber attacks and need to prepare more fully for a loss of customers, a fall in share price and other potential consequences, Lloyd's of London said in a report on Wednesday.

The risk of cyber attacks is rising and slow-burn effects

are additional to short-term costs such as notifying customers, paying ransoms or public relations expenses, the report, written with consultants KPMG and law firm DAC Beachcroft, said.

"There is a lack of understanding as to what cyber attacks can mean," Lloyd's of London Chief Executive Inga Beale told Reuters.

"Businesses need to prepare for the full costs of a cyber attack."

Lloyd's has a 20-25 percent share of the $2.5 billion cyber insurance market, Beale said.

British broadband company TalkTalk (>> TalkTalk Telecom Group) suffered a data breach in 2015 which caused a one-off cost of $52 million, but also led to slow-burn costs of more than $44 million, including an estimate for lost revenue, the report said.

Ransomware attacks are on the increase, the report said, such as the Wannacry attack which infected 300,000 computers in more than 150 countries last month.

A major ransomware attack this week hit computers at Russia's biggest oil company, the country's banks, Ukraine's international airport as well as global shipping firm A.P. Moller-Maersk (>> AP Moller-Maersk).

Cyber crimes where attackers masquerade as chief executives to email finance staff and trigger fraudulent payments are also rising and causing "significant financial losses", the report added.

(Reporting by Carolyn Cohn; Editing by Susan Fenton)

Stocks treated in this article : AP Moller-Maersk, TalkTalk Telecom Group
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on TALKTALK TELECOM GROUP
11/23 TALKTALK TELECOM GROUP : ex-dividend day for interim dividend
11/21 TALKTALK TELECOM : The best broadband deals for Black Friday 2017
11/20 FTSE recoups early losses as cyclicals recover
11/20 TALKTALK TELECOM : Black Friday Deals
11/16 TALKTALK TELECOM : in the red
11/16 TALKTALK BOSS HARRISON : Swinging to a loss will not change our plans
11/15 TALKTALK TELECOM : shares plunge after it falls into the red
11/15 UK unemployment figures put spotlight on real wage squeeze – business l..
11/15 TALKTALK TELECOM : Directorate Change
11/15 TALKTALK TELECOM : Half Yearly Report
More news
News from SeekingAlpha
11/16 Talktalk Telecom Group, PLC ADR 2018 Q2 - Results - Earnings Call Slides
09/05 TalkTalk Telecom looking to exit mobile business
02/02 HSBC sticks to Hold on TalkTalk as CEO, chairman shift
01/20 BT Group hiking broadband fees by 5-6%
2016 WALL STREET BREAKFAST : OPEC Divisions Run Deep
Financials ( GBP)
Sales 2018 1 776 M
EBIT 2018 153 M
Net income 2018 82,0 M
Debt 2018 659 M
Yield 2018 5,14%
P/E ratio 2018 17,66
P/E ratio 2019 13,49
EV / Sales 2018 1,21x
EV / Sales 2019 1,17x
Capitalization 1 497 M
Chart TALKTALK TELECOM GROUP
Duration : Period :
TalkTalk Telecom Group Technical Analysis Chart | TALK | GB00B4YCDF59 | 4-Traders
Technical analysis trends TALKTALK TELECOM GROUP
Short TermMid-TermLong Term
TrendsBearishBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 17
Average target price 1,73  GBP
Spread / Average Target 10%
EPS Revisions
Managers
NameTitle
Tristia Adele Harrison Chief Executive Officer & Executive Director
Charles William Dunstone Executive Chairman
Charles Bligh Chief Operating Officer & Director
Kate Ferry Group Chief Financial Officer
Steen Gary Chief Technology Officer
Sector and Competitors
1st jan.Capitalization (M$)
TALKTALK TELECOM GROUP-7.33%1 995
VERIZON COMMUNICATIONS-11.76%192 142
NIPPON TELEGRAPH AND TELEPHONE CORP17.45%108 702
DEUTSCHE TELEKOM-9.63%83 267
TELEFONICA-3.66%52 200
SINGAPORE TELECOMMUNICATIONS LIMITED1.65%44 827