Danish company lost over half a million kroner in hacker attack

Danish company lost over half a million kroner in hacker attack
Demant's head office in Copenhagen. Photo: Jens Nørgaard Larsen/Ritzau Scanpix
Danish firm Demant, which produces the Oticon brand of hearing aids, lost over 500,000 kroner in a cyber attack earlier this month.

The company, which was formerly known as William Demant, said in a press statement that it expected losses from the incident to run up to 550-650 million kroner.

On September 3rd, the company’s servers were hit by the attack, causing issues with production and distribution of Oticon hearing aids.

Markets in the United States – the company’s largest – as well as Australia, Canada and the UK were affected.

The company is one of Denmark’s largest and has a turnover of around 14 billion kroner. It employs some 14,000 staff.

Work to restore normal operation is ongoing and expected to be completed in 2-3 weeks.

“Cyber crime has has a significant impact on our ability to create the growth we expected in the second half of the year,” the company’s CEO Søren Nielsen said.

READ ALSO: 'One in eight' cyber attacks on Denmark successful: analysis


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