Sopra Steria Group Sa · EURONEXT:SOP
Sopra Steria Group Sa — Investor Presentation (March 2026)
41 slides from Sopra Steria Group Sa's investor presentation, March 2026
Slide 1: The Global Economic Impact of Disinformation
THE GLOBAL ECONOMIC IMPACT OF DISINFORMATION Financial, social and political costs: measuring to better respond Report - March 2026
Slide 2: 1_AN ESSENTIAL AND UNPRECEDENTED QUANTIFICATION 2_ASSESSING THE COST OF DISINFORMATION: A METHODOLOGICAL CHALLENGE 3_…
1_AN ESSENTIAL AND UNPRECEDENTED QUANTIFICATION 2_ASSESSING THE COST OF DISINFORMATION: A METHODOLOGICAL CHALLENGE 3_FOCUS ON THE MAIN FINANCIAL COSTS 4_MAJOR SOCIAL, POLITICAL AND HEALTH COSTS 5_STRENGTHENING THE RESPONSE 6_Appendices 2
Slide 3: An Essential and Unprecedented Quantification
1. AN ESSENTIAL AND UNPRECEDENTED QUANTIFICATION
Slide 4: The disinformation paradox
The disinformation paradox Disinformation is on everyone’s mind and on everyone’s lips. Yet, no one knows exactly how much it costs our societies. World’s no. 1 risk Renowned economists No attempt at a global for for the second warn of the threat to quantification of the cost consecutive year “econo
Slide 5: The urgency is real
The urgency is real Five major shifts have transformed the information landscape since 2019. Post-COVID-19 infodemic Rise of conspiracy theories and anti-vaccination narratives explosion of generative AI Industrialisation of misleading content production £and deepfakes Rise of hybrid warfare Informa
Slide 6: What exactly are we talking about?
What exactly are we talking about? To carry out a rigorous quantification, we define disinformation as “intentional information manipulations whose objective, direct or indirect, is to influence individual or collective opinions”. Disinformation Misinformation Malinformation Intentionally false cont
Slide 7: Assessing the Cost of Disinformation: A Methodological Challenge
2. ASSESSING THE COST OF DISINFORMATION: A METHODOLOGICAL CHALLENGE
Slide 8: A reproducible methodological framework
A reproducible methodological framework Inspired by IPCC methodologies, our study proposes three scenarios and breaks down the costs along three verticals: financial, social, and political. FINANCIAL Social Political Fraud & scams Public health Electoral integrity Market manipulation Mental health I
Slide 9: Our methodology
Our methodology Protocol definition Vertical analysis Using three scenarios (conservative, median, Breaking down costs into exploratory) to capture the inherent three verticals: financial, uncertainty of the threat. social, political. Game theory The Shapley value, a mathematical model used to isola
Slide 10: The global cost of disinformation in 2024: $417bn
The global cost of disinformation in 2024 $417bn Approximately 15% of France’s GDP in 2024 Conservative Median Exploratory scenario scenario scenario $356bn $417bn $516bn 10
Slide 11: The measurable haemorrhage: $353bn to $456bn
FINANCIAL COSTS The measurable haemorrhage: $353bn to $456bn $227bn $60bn Fake online reviews Stock market losses 0.05% of global market capitalisation attributable to 89% of e-commerce revenues influenced by ratings disinformation (CHEQ/Baltimore, 2019) (World Economic Forum, 2025) $28bn $18bn Coun
Slide 12: Health and social cohesion: from $37m to $19.9bn
Coûts Social COSTS sociaux Health and social cohesion: from $37m to $19.9bn PUBLIC & MENTAL HEALTH Measles / anti-vaccination: $12.4m in direct costs in 2024 (Johns Hopkins, WHO, 2025) Polarisation & trust Mental health: $25m estimated for the share attributable Allianz Research (2024) : $157bn to $
Slide 13: The assault on democracy: from $2.1bn to $40.1bn
POLITICAL COSTS The assault on democracy: from $2.1bn to $40.1bn $280m $1.5bn 320 M$ Cancellation of the Identified Russian Identified institutional Romanian election propaganda response budgets Cost of electoral reorganisation Estimated annual disinformation and propaganda United States (250 M$), F
Slide 14: The Global Cost of Disinformation in 2024
SUMMARY The Global Cost of Disinformation in 2024 Domaine / Scenario Conservative Median Exploratory Financial 353,5 Md$ 393,1 Md$ 456,4 Md$ Social 0,037 Md$ 9,8 Md$ 19,9 Md$ Political 2,1 Md$ 14,2 Md$ 40,1 Md$ Total 355,6 Md$ 417,1 Md$ 516,4 Md$ 14
Slide 15: What the Figures Cannot Show
What the Figures Cannot Show Impact on savings DIMI (Domestic Information Not quantified due to lack of robust data directly Manipulation) excluded linking disinformation and changes in savings rates. Domestic disinformation (partisan national media) was excluded by methodological choice: FIMI (Fore
Slide 16: Focus on the Main Financial Costs
3. FOCUS ON THE MAIN FINANCIAL COSTS
Slide 17: Three economic phenomena worth examining
Three economic phenomena worth examining FAKE REVIEWS DEEPFAKES PIG BUTCHERING 17
Slide 18: The fake review economy: a real problem
Focus 1 The fake review economy: a real problem Fake reviews are not part of an ordinary commercial process: they are indeed an attempt at disinformation applied to the purchasing decision. Fake reviews serve as the foundation for a manipulation infrastructure that distorts purchasing Estimated cost
Slide 19: The deepfake surge: a regime change
Focus 2 Focus 2 The deepfake surge: a regime change AI-facilitated fraud is increasing by 32% per year (Deloitte, 2024).Voice and visual cloning, once reserved for sophisticated actors, is now easily accessible for just a few Estimated cost in dozen pounds. The notorious ‘CEO fraud’, for example, ha
Slide 20: Pig Butchering: The Phenomenon That Must Be Stopped
Focus 3 “Pig Butchering”: The Phenomenon That Must Be Stopped “Pig butchering” is no ordinary fraud. It is a long-term social engineering operation that combines emotional manipulation, a false relationship of trust and investment fraud, most often involving cryptocurrencies. The victim is 'fattened
Slide 21: Jacob Sims quote
“ AI is used to enhance, rather than replace, the human elements of manipulation. LLMs, for example, have revolutionised real-time translation. The leap between legacy phonetic transcription tools and LLM-powered translation is vast. Deepfakes, translation, and text generation: all are used to reinf
Slide 22: Major Social, Political and Health Costs
4. MAJOR SOCIAL, POLITICAL AND HEALTH COSTS
Slide 23: The hidden costs of disinformation
The “hidden” costs of disinformation The impact of disinformation extends far beyond balance sheets: it undermines institutional trust, polarises societies, paralyses public decision-making, and generates massive indirect costs that are difficult to account for. We group these impacts under the term
Slide 24: Ziad Gebran quote
“ Disinformation is the enemy of prevention. And without prevention, just as with climate risk, information risk could become systemic. Provided the right risk cost is established, everything should remain insurable. But when it comes to cyber risk, if an unforeseen ZIAD GEBRAN Group Head of PR, Rep
Slide 25: The health cost of distrust
SOCIAL COSTS The health cost of distrust Health disinformation has direct clinical consequences. In the United States, the measles epidemic linked to anti-vaccination campaigns reached record levels in 2024, with a direct cost estimated at $12.4 million (Johns Estimated cost in Hopkins, 2025 & WHO,
Slide 26: Democracy under siege and under strain
POLITICAL COSTS Democracy under siege and under strain Foreign information manipulation has changed in nature. It can now destabilise a country’s institutions and economy within a matter of weeks. Estimated cost in 2024: 14,2 bn Romania learned this the hard way. In November 2024, a sovereignist (me
Slide 27: Towards the end of trust?
pOLITICAL COSTS Towards the end of trust? Trust is the essential foundation of the economy. When it vanishes, transactions slow down, oversight costs skyrocket, and structural reforms become impossible to implement. The evidence is documented: according to the OECD, only 39% of citizens still trust
Slide 28: Maya Atig quote
“ Trust is the lifeblood of our business. French people trust their banks, and we make every effort to earn it. When you see that 73% of French people trust banks to secure their personal data, whereas only 41% trust Big Tech, it shows we are on the right track. However, we must go further, particul
Slide 29: Strengthening the Response
5. STRENGTHENING THE RESPONSE
Slide 30: Businesses now on the front line against disinformation
Businesses now on the front line against disinformation Businesses have become targets. Disinformation is no longer a standard communications crisis: it is now used to provoke massive, coordinated consumer boycotts. The threat has become professionalised. Estimated cost in A report from VIGINUM/CDSE
Slide 31: Iesha White quote
“ Disinformation is not simply a fluke in the Internet’s evolution: it is a lucrative business model fuelled by the opacity of AdTech. As long as brands unwittingly finance the destruction of trust, we will all pay iesha white an invisible tax on truth “ Director of Intelligence at Check My Ads Inst
Slide 32: The response: the great asymmetry
The response: the great asymmetry Disinformation has become structured as an industry. It is profitable for those who disseminate it and costs a fortune for those attempting to contain it. The asymmetry is staggering. On the winning side, the figures speak for themselves. Meta reportedly generated $
Slide 33: David Colon quote
“ The economy of truth is condemned to be structurally loss-making, as long as this economy is guided by profit rather than public interest value. French Response is an example of a simple, david colon effective and low-cost counter-response. “ Historian, Professor at Sciences Po 33
Slide 34: Act or Endure
Act or Endure This study provides a methodical measure of the impact of information manipulation on our economies and democracies. Yet, many grey areas still need to be brought to light. First, the loss of institutional trust. It is an asset that appears on no balance sheet, yet its collapse paralys
Slide 35: Appendices
6. Appendices
Slide 36: To access the full version of our study, visit this page
To access the full version of our study, visit this page 34
Slide 37: Experts
Experts SCIENTIFIC COMMITTEE Tiziana Assenza — Professor of Economics, Toulouse School of Economics Clément Bénesse — Mathematician, data analysis specialist, Opsci.ai Cyril Rollinde — Econometrician, Citizing Consulting SECTOR EXPERTS Maya Atig — Chief Executive, French Banking Federation Ayman Awa
Slide 38: Sources
Sources Global Risk Report 2024, World Economic Forum, 2024 — Kallioniemi P., Beyond Defence: A Proactive Strategy for the West in the Information Domain, ICDS Aghion P. et al., La crise mondiale de l’information représente une grave menace pour la prospérité Estonia, 2025 économique et le progrès h
Slide 39: Team
Publishing Director Editorial Board Art Director Mathilde Richard Mathilde Richard Maxime Rocher Guillaume Ledit TEAM Thomas Delorme Research Director Aurélien Flaugnatti Thomas Delorme Opsci.ai Press Contact Aurélien Flaugnatti 06.30.84.75.81 38
Slide 40: The Global Economic Impact of Disinformation
THE GLOBAL ECONOMIC IMPACT OF DISINFORMATION Financial, social and political costs: measuring to better respond “In a world where propaganda and falsehood spread on a massive scale, defending the truth may well become the defining economic investment of the 21st century” AYMAN AWADA
Slide 41: Sopra Steria
sopra S steria