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Royal Mail’s recovery from ransomware attack will cost business at least $12M

November 16, 2023

Royal Mail’s parent International Distributions Services has revealed for the first time the infrastructure costs associated with its January ransomware attack.

LockBit’s attack has driven costs up across various areas of the Brit business, but improvements to the corporation’s Heathrow Worldwide Distribution Centre – the target of the attack – will cost the biz £10 million ($12.4 million) it said today in a regulatory filing.

The total costs related to the attack are likely to be higher but International Distribution Services, or IDS, has not pinned hard figures to these. The Register approached Royal Mail for additional information but it did not respond.

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