Cognizant to Lose Between $50m and $70m from Maze Ransomware Attack

ransomware attack, Cognizant, Maze, quarter, IT service provider
Cognizant to Lose Between _50m and _70m From Maze Ransomware Attack

Cognizant said the Maze ransomware attack that took place in April 2020 will negatively impact its Q2 revenue. The IT service provider anticipates the revenue and corresponding margin impact to be in the range of $50 million to $70 million for the quarter.

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The ransomware attack encrypted some of the Cognizant’s internal systems and disabled them, pushing some of the company’s clients to suspend the access to Cognizant’s networks, due to the ransomware attack. It impacted Cognizant’s internal network, but customer systems were safe.


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