Cyberattack on Ukraine’s Kyivstar will cost parent Veon almost $100 million in sales

Veon, the parent company of Ukraine’s largest mobile operator Kyivstar, will take a hit of around 3.6 billion hryvnias ($95 million) in revenue in 2024 due to a massive cyberattack in December, the Dutch telecoms group estimated on Thursday.

The estimated lost revenue is associated with measures Kyivstar has taken to compensate customers for inconveniences caused by the disruptions, Veon said.