Capita reaches settlement with ICO regarding 2023 cyber attack

Summary by AI BETAClose X

Capita has reached a settlement with the Information Commissioner’s Office (ICO) regarding the March 2023 cyber attack, which includes a penalty of £14 million. As a result of this penalty, Capita now anticipates a free cash outflow before business exits of between £59 million and £79 million. This revises the previous guidance of £45 million to £65 million. The company still expects to be cash positive from the end of 2025, and its full-year 2025 guidance and medium-term targets remain unchanged.

Disclaimer*

Companies

Capita (CPI)
UK 100

Latest directors dealings