The British Library’s 2023 run-in with ransomware gang Rhysida will cost the institution approximately 40% of its cash reserves to rectify, according to reports.
The UK’s national library was shut down by a ransomware attack in late October 2023. When officials refused to pay a £600,000 ( $763,612) ransom, thousands of stolen files were published online by the threat actor group.
The Financial Times, citing a person familiar with the matter, said the library may be forced to spend between £6 million ( $7.65 million) and £7 million ( $8.92 million) out of its £16.4 million ( $20.9 million) reserves to recover from the attack. It’s also not clear how long it will take for its services to become fully operational again.
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