Ddos Attack Cost Bandwidth Com Nearly 12 Million
While the company still beat expectations for Q3, the financial cost of the attack – which was first reported by The Record – illustrates how much damage DDoS incidents can cause. The company filed a document with the SEC on October 26 explaining that the attack caused a “decrease of approximately $700,000 in third quarter 2021 revenue from lost transaction volume and customer credits.” “Based on preliminary usage data and currently known information, the company estimates that the impact of the DDoS attack may reduce CPaaS revenue for the full year of 2021 by an amount between $9 million and $12 million, inclusive of the aforementioned $0....