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TalkTalk sees profits plunge in wake of cyberattack

The UK broadband provider's profits fell to less than half the previous year, as it upped spending on security.

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TalkTalk

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 UK phone and broadband provider £35 million.

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

Around 157,000 of TalkTalk's 4 million customers had their data -- some including bank account details -- exposed.

TalkTalk did not immediately respond to a request for further 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.