IT services giant Cognizant estimates April ransomware attack will cost firm between $50 and $70 million. CFO Karen McLoughlin told analysts that while the firm has restored the majority of its IT services and is working to complete its investigation into the incident. The company has not said if it paid a ransom or has been in contact with the attackers. CEO Brian Humphries said the timing of the attack in April affected the company as it was preparing to expand its work-from-home initiative.”]
Source: https://www.cuinfosecurity.com/cognizant-ransomware-attack-expense-at-least-50-million-a-14255