"Royal Mail to Spend £10m on Ransomware Remediation"
"Royal Mail to Spend £10m on Ransomware Remediation"
Royal Mail has recently revealed a multimillion-pound cost attached to a serious ransomware breach it suffered earlier this year. The British postal service company was hit by a LockBit affiliate in an incident which caused “severe service disruption” for items sent abroad. The ransomware group was demanding nearly $80m from the firm to prevent it from leaking its stolen data. Although Royal Mail refused to pay, in line with law enforcement advice, the operational costs associated with the incident are starting to emerge.