Skip to content
Edit post

Kyivstar cyberattack cost telecommunications operator nearly $100 million

by Dmytro Basmat and The Kyiv Independent news desk January 19, 2024 8:07 AM 1 min read
A woman walks by a Kyivstar store in Kyiv on Dec. 12, 2023. (Sergei Chuzavkov/AFP via Getty Images)
This audio is created with AI assistance

Support independent journalism in Ukraine. Join us in this fight.

Become a member Support us just once

VEON, the Dutch telecommunications operator and parent company of the Ukrainian mobile operator Kyivstar, revealed a Hr 3.6 billion ($95 million) revenue loss due to the major cyberattack conducted by a Russian hacker group in December, the company announced in a statement on Jan. 18.

The nearly $100 million revenue loss stems from costs incurred restoring services, replacing lost equipment, or compensating external consultants and partners. Veon also notes in its financial impact assessment that any additional costs for further remediation measures for Kyivstar customers are uncertain and cannot be estimated.

On Dec. 12, Ukraine came under a massive cyberattack that targeted Kyivstar and one of the country's largest banks, Monobank. People across the country reported internet and network outages, as well as issues with air raid alerts.

The Russian hacker group Solntsepek, linked to Russia's military intelligence agency, claimed responsibility for the cyberattack.

Russia has been repeatedly accused of backing cyber-crime groups in attacks against its rivals. Moscow has also deployed its cyber capabilities against Ukraine, including attacks on government institutions, the defense sector, and energy infrastructure.

According to dev.ua, Solntsepek has carried out hostile activities against Ukraine in the past, which included revealing the personal details of Ukrainian soldiers.

Russian hacker group claims responsibility for Kyivstar cyberattack
A Russian hacker attack claimed responsibility for the recent cyberattack against Ukraine’s leading phone operator, Kyivstar, the Security Service of Ukraine (SBU) reported on Dec. 13.
Before you skip this banner, we want to tell you something…

The Kyiv Independent doesn’t depend on a wealthy owner or an oligarch — in 2023, 80% of our revenue was from reader contributions . It’s thanks to them that we don’t have to rely on a single owner.

Support us now and help maintain our independent model and keep our articles free for everyone. Your contributions allow us to cover journalists’ salaries, report from the front lines, and fund projects like our War Crimes Investigations Unit.

visa masterCard americanExpress

News Feed

Ukraine Daily
News from Ukraine in your inbox
Ukraine news
Please, enter correct email address
2:54 PM

Media: Italy may send Storm Shadow missiles to Ukraine, sources say.

"A batch of" Storm Shadow missiles and another SAMP/T air defense system will reportedly be included in the ninth aid package for Ukraine, which Italian Defense Minister Guido Crosetto will present by the end of June, Italian newspaper Il Fatto Quotidiano reported on June 18, citing unnamed sources familiar with the matter.
1:43 PM

Zelensky signs law on single roaming zone with EU.

Under the "roam like at home" (RLAH) program, Ukrainians will not pay additional charges to use their mobile phone for communications and the Internet in the 27 EU countries. The same rules will apply to users of European operators traveling to Ukraine.
MORE NEWS

Editors' Picks

Enter your email to subscribe
Please, enter correct email address
Subscribe
* indicates required
* indicates required
Subscribe
* indicates required
* indicates required
Subscribe
* indicates required

Subscribe

* indicates required
Subscribe
* indicates required

Subscribe

* indicates required
Subscribe
* indicates required

Subscribe

* indicates required
Successfuly subscribed
Thank you for signing up for this newsletter. We’ve sent you a confirmation email.