reports multimillion dollar loss post DDoS attacks

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In September 2021, suffered a series of days-long DDoS attacks forcing its service to go offline in the United States.

In September 2021, Hackread shared details of DDoS attacks targeting voice over Internet Protocol (VoIP) services of VoIP giant causing voice and messages service disruption in the United States. Now, the company has published its 3rd quarter profits updates declaring $131 million in sales.

But, the corporation claimed in a press release that the DDoS attacks cost them heavy financial losses, ranging between $9m to $12 million for the current fiscal year. Still, such huge losses reveal the harm DDoS attacks can inflict on companies.

Revenue Loss Causes by Missed Transaction Volume

Though has fared well post the cyberattack, the attack’s financial impact has been devastating. On 26 October, the Raleigh-based tech firm informed SEC that based on preliminary use data and currently available information, the DDoS attack caused financial loss of up to $700,000 in

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