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British Library: Finances remain healthy as ransomware recovery continues

January 8, 2024

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The British Library is denying reports suggesting the recovery costs for its 2023 ransomware attack may reach highs of nearly $9 million as work to restore services remains ongoing.

The institution said in a statement today that the final costs remain “unconfirmed” and no additional bids for funding to support the rebuild have yet been made.

Reports at the weekend suggested the ransomware recovery costs were expected to run up to £7 million ($8.9 million), roughly ten times the original ransom sum, and could put a big dent in its cash reserves.

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