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Cyber attack to cost TalkTalk $53 million

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A recent cyber attack that hit U.K.-based TalkTalk Telecom Group P.L.C. has cost the company up to £35 million ($53 million), The Telegraph reported.

TalkTalk said that it will know more about the financial effects of the cyber attack at the end of the 2015/16 financial year. The cyber attack exposed details of TalkTalk's 157,000 customers, forcing the firm to shut down online sales for three weeks.

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