Capita Share Discussion Threads

[gripfit] 18/4/2023 08:12

Very risky that

[ruffj] 18/4/2023 08:11

https
://shorttracker.co.uk/company/GB00B23K0M20/

[matadvfn] 18/4/2023 07:31

If only the share price shown in the article were true......

[heatseek77] 18/4/2023 07:23

Thanks DavidB 👍🏻

[dipa11] 18/4/2023 07:09

Sorry i did not read.But thanks for the email

[davidbennett] 18/4/2023 07:04

Dipa11

That was my email which I posted here last night :)

[dipa11] 18/4/2023 06:41

Copy from LSE Board "RE: Times reports further bad news re hackingToday 07:20email sent to Jon Lewis regarding recent events. Here is the response:DearThank you for your email to Jon Lewis and the positive messages contained within re the tremendous progress the Group has made. He has asked me to respond to you on his behalf.We became aware of the documents referred to in the media as being on the dark web last weekend (8/9 April) and which had characteristics potentially linked to Capita's business. With specialist advisers and forensic experts we have been investigating 1) if they were genuine 2) came from Capita (and not other sources as some would be in the public domain) and 3) were taken as a result of this cyber incident. There isn't much more we can add to the statement that was given to the Sunday Times which I'm sure you have already read and is as follows:"We continue to work closely with specialist advisers and forensic experts in investigating the incident. We are in constant contact with all relevant regulators and authorities. Our investigations have not yet been able to confirm any evidence of customer, supplier or colleague data having been compromised. Once our investigations have concluded, we will if necessary inform any impacted parties. We have taken all appropriate steps to ensure the robustness of our systems and are confident in our ability to meet our service delivery commitments."As there is no "new news", this position is still consistent with the RNS we made on 3 April and so we have not published another RNS.RegardsHelen ParrisDirector of Investor [e-mail]"

[davidbennett] 17/4/2023 21:22

Capita, the United Kingdom’s largest outsourcing company, said on Monday that it has not yet been able to confirm whether data released by a ransomware group was in fact stolen from the company.

The London Stock Exchange-listed business announced two weeks ago that an IT outage “primarily impacting access to internal Microsoft Office 365 applications” — leaving staff locked out of their accounts — was caused by a cybersecurity incident.

The Black Basta ransomware group subsequently claimed to be behind the attack and included Capita among its listings of victims.

The criminals have begun posting what appear to be documents stolen from Capita, including data regarding teachers in Sheffield and client bank account information, as reported by the Sunday Times newspaper.

Sheffield City Council was not immediately able to comment on the claims.

A spokesperson for Capita told The Record on Monday that the company has not been able to confirm the source of the information released by the ransomware group.

Capita told The Record that the company’s specialist advisers and forensic experts are continuing to investigate. The company is understood to be working to establish whether the data is authentic or if the extortion group had cobbled it together from other sources.

Earlier this month, in Capita’s statement to the Regulatory News Service — the formal mechanism for publicly listed companies in the U.K. to communicate to the market — it said there was “no evidence of customer, supplier or colleague data having been compromised.”

Capita has apparently clarified that such evidence may emerge as the company continues to analyze the incident: “Our investigations have not yet been able to confirm any evidence of customer, supplier or colleague data having been compromised.”

Capita said that once its investigations have concluded, it “will if necessary inform any impacted parties. We have taken all appropriate steps to ensure the robustness of our systems and are confident in our ability to meet our service delivery commitments.”

The company added it was “in constant contact with all relevant regulators and authorities.”

Capita’s share price has dropped more than 11% from a high of £38.64 ($47.97) on Thursday, March 30, the day before the incident was first reported, to £34.04 ($42.26) on Monday morning.

In its full year results published last month, Capita reported £2.8 billion ($3.45 billion) in total revenue. Its public service division brought in £1.4 billion ($1.7 billion) of that.

Capita’s numerous contracts within the British public sector include several with the Ministry of Defence. Last year, a consortium it leads took control over engineering and maintenance support of training simulators for the Royal Navy’s nuclear-powered ballistic missile submarines used as part of the U.K.’s nuclear deterrent.

It is not known to what extent, if any, the criminals have compromised sensitive information relating to these contracts.

[dipa11] 17/4/2023 18:39

After market closed all trade is buying. Let hope bounce back tomorrow morning

[dealy] 17/4/2023 17:23

David, I see you also use flattery to get info out of companies !! I've been doing it for years

[davidbennett] 17/4/2023 17:06

Sent an email to Jon Lewis regarding recent events. Here is the response:

Dear David,

Thank you for your email to Jon Lewis and the positive messages contained within re the tremendous progress the Group has made. He has asked me to respond to you on his behalf.

We became aware of the documents referred to in the media as being on the dark web last weekend (8/9 April) and which had characteristics potentially linked to Capita’s business. With specialist advisers and forensic experts we have been investigating 1) if they were genuine 2) came from Capita (and not other sources as some would be in the public domain) and 3) were taken as a result of this cyber incident. There isn’t much more we can add to the statement that was given to the Sunday Times which I’m sure you have already read and is as follows:

“We continue to work closely with specialist advisers and forensic experts in investigating the incident. We are in constant contact with all relevant regulators and authorities. Our investigations have not yet been able to confirm any evidence of customer, supplier or colleague data having been compromised. Once our investigations have concluded, we will if necessary inform any impacted parties. We have taken all appropriate steps to ensure the robustness of our systems and are confident in our ability to meet our service delivery commitments.”

As there is no “new news”, this position is still consistent with the RNS we made on 3 April and so we have not published another RNS.

Regards

Helen Parris
Director of Investor Relations
[e-mail]

[skinny] 17/4/2023 16:20

A late RNS, but not the expected one!

[gripfit] 17/4/2023 15:21

Looks like it’s getting priced in ,, once it’s all out and clarified the better

[disc0dave45] 17/4/2023 15:20

Sorry but IMO they have a duty to update the market given what's in the press- either deny or confirm. They are messing up big time.Https://doublepulsar.com/black-basta-ransomware-group-extorts-capita-with-stolen-customer-data-capita-fumble-response-9c3ca6c3b283

[ceteri] 17/4/2023 15:01

Worrying, but holding for now. Company may just be making absolutely certain that data has not been compromised before releasing an update. More embarrassing to deny it and then find that data was actually compromised.

[al101uk] 17/4/2023 14:56

From recent comments, Capita didn't say they will release an update in due course, they said:

"We will update the market further, SHOULD THERE BE A NEED to provide any additional information, in due course."

Presumably there is currently no further update to be given. That could be due to an ongoing investigation or because The Times got their information wrong. If I've read it correctly the Black Basta group put Capita on their website, but the "buy" button was never made available and then they removed the company.

What that means, only the company & Black Basta currently know.

Personally I'm holding on to my small position, but not adding until this blows over.

[disc0dave45] 17/4/2023 14:50

Silence only serves to tell the market that the Times article/s is more likely to be correct than not....what a bunch of muppets.

[dipa11] 17/4/2023 13:10

Nice turnover after long time.

[gripfit] 17/4/2023 12:55

They were quick to say they weren’t in talks from private equity a couple of years ago ..

[gripfit] 17/4/2023 12:55

Silence from the board …

[sr2day] 17/4/2023 11:05

This company has a history of mismanagement. I will not be surprised if they mishandle this.

[wallywoo] 17/4/2023 10:56

This fallback has tempted me back in. Not owned cpi for a while. But great value at this price imho. If Capita can't handle a cyber attack, then we are all doomed!This business has turned a corner now. Onwards and upwards, imho

[sr2day] 17/4/2023 10:53

news may knock the share price to under 30p this week.

[scemer] 17/4/2023 08:55

The times always have an agenda it's easy to put two and two together with them

[dipa11] 17/4/2023 08:54

When they wants your shares this is happen. They pay money to publish negative articles to hammered the share price. Nowadays every thing is possible but you have to calculate your self. Either buys or sell. DYOR