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Telephone and broadband provider Talktalk saw profits more than halve following a hack attack on its systems last October.

 

Profits fell to £14m compared with £32m a year earlier.

 

That fall is partly due to the costs of last year's serious cyber attack, which cost the company £42m.

 

TalkTalk confirmed that 95,000 customers had left the ISP in direct response to the cyber attack.

http://www.bbc.co.uk/news/business-36273449

 

This is a huge wake-up call for every company that stores customer details.

 

If they don't take security seriously, it will cost them dearly.

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