Kyivstar Network Targeted by Widespread Cyber Attack
December 12 2023 - 7:45AM
Kyivstar Network Targeted by Widespread Cyber Attack
Amsterdam, 12 December 2023 – VEON Ltd.
(NASDAQ: VEON, Euronext Amsterdam: VEON), a global digital operator
that provides converged connectivity and online services, announces
that the network of its Ukrainian subsidiary Kyivstar has been the
target of a widespread hacker attack in the morning of 12 December
2023, causing a technical failure. As a result of this,
communication and Internet access services are temporarily
unavailable on the Kyivstar network.
Kyivstar technical teams are working on eliminating the
consequences of the hacker attack and restoring communication as
soon as possible. They are working in close cooperation with
Ukrainian law enforcement agencies to determine the circumstances
and consequences of the interference in the Kyivstar network. At
the time of this release, the personal data of subscribers has not
been compromised, to the best of Kyivstar’s knowledge.
Kyivstar remains committed to working relentlessly to keep
Ukraine connected in cooperation with Ukrainian government
authorities and to addressing the consequences of this morning’s
cyber-attack. VEON and Kyivstar are also conducting a thorough
investigation to determine the full extent and impact of the
incident, and to implement additional security measures to prevent
any recurrence. The exact magnitude of the financial impact
is not yet quantifiable as it will depend on how long services are
impacted.
VEON and Kyivstar will continue to inform their stakeholders and
customers about further developments.
Important Notice
Elements of this press release contain or may contain “inside
information” as defined under the Market Abuse Regulation (EU) No.
596/2014.
About VEON VEON is a digital operator that
provides converged connectivity and digital services to nearly 160
million customers. Operating across six countries that are
home to more than 7% of the world’s population, VEON is
transforming lives through technology-driven services that empower
individuals and drive economic growth. Headquartered in
Amsterdam, VEON is listed on NASDAQ and Euronext. For more
information visit: https://www.veon.com.
Disclaimer This release contains
“forward-looking statements,” as the phrase is defined in Section
27A of the U.S. Securities Act of 1933, as amended, and Section 21E
of the U.S. Securities Exchange Act of 1934, as amended.
Forward-looking statements are not historical facts, and include
statements relating to, among other things, VEON’s efforts to
address the consequences of a cyberattack. Forward-looking
statements are inherently subject to risks and uncertainties, many
of which VEON cannot predict with accuracy and some of which VEON
might not even anticipate. The forward-looking statements contained
in this release speak only as of the date of this release. VEON
does not undertake to publicly update, except as required by U.S.
federal securities laws, any forward-looking statement to reflect
events or circumstances after such dates or to reflect the
occurrence of unanticipated events.
Contact Information:
VEON Hande Asik Group Director of Communication
pr@veon.com
TUVA Partners Julian Tanner Julian.tanner@tuvapartners.com
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