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TalkTalk sees profits halved following cyberattack last year

The UK broadband provider's profits plunged as it upped its spending on security.


UK telephone and broadband provider TalkTalk has seen its profits drop to £14 million, from £32 million the previous year, following a high profile attack last October, which cost the company £35 million.

"We have significantly increased our spending on security. We take this extremely seriously," TalkTalk CEO Dido Harding explained to the BBC.

About 157,000 of TalkTalk's 4 million customers had their details -- some including bank account details -- exposed in the attack.

TalkTalk did not immediately respond to a request for comment.

Two British teenage boys were arrested shortly after the attack, with the BBC reporting that six individuals -- all under the age of 21 -- have in total been arrested in connection with the incident.