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British Library ransomware cyber attack ‘set to cost £7million’

The Standard

The British Library may have to spend £7million of its reserves to recover from a crippling cyber attack, according to reports.

Criminals knocked out the website of the UK’s national library used by over 11m people a year in October.

Hackers from the Rhysida group also published hundreds of thousands of stolen files online, including customer and personnel data, after bosses refused to pay a £600,000 ransom.

The Financial Times reported the library will use about 40 per cent of its reserves, which could equate to £6 or £7m out of an unallocated £16.4m to rebuild most of its digital services.

A spokesman said: “The final costs of recovering from the recent cyber attack are still not confirmed.


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