Company Latitude FinancialThe financial services company said on Friday that losses for the first half of this year will be between A$95 million and A$105 million. The company also expects to report losses to investors by the end of the year. And all because of March cyber attack as a result of which hackers managed to steal millions of records about the company’s customers.

On March 16, Latitude reported that it had detected “unusual activity on its systems that appears to be an advanced malicious cyberattack.” The attacker used the credentials of the company’s employees to steal information from two of its service providers. About 103,000 identification documents, mostly driver’s licenses, were stolen from one supplier, and about 225,000 customer records were stolen from another.

In the following days, the situation only worsened: the company reported that passport numbers and Medicare numbers were also stolen. In addition, about eight million driver’s license numbers and more than six million historical customer records have been stolen since 2005.

The company received a buyout request, but refused to pay it . 5 weeks after the initial compromise, the company’s regular business operations are fully restored, and there is no more suspicious activity in internal systems.

As a result of the cyberattack, the company lost projected earnings and suffered large credit losses, and the percentage of delinquent payments rose from less than 80 basis points to more than 100.

In addition, the company will make a reserve of about $46 million to cover the costs associated with the incident. These costs include possible recovery costs, but not potential fines, class action lawsuits, system upgrades, or insurance payments. In other words, the costs can be much higher.

Latitude expects to be between $6.1 billion and $6.3 billion in debt by the end of June. The company also said that the board is unlikely to announce a dividend this year.