Security News > 2024 > January > British Library: Finances remain healthy as ransomware recovery continues
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.
Citing inaccuracies in wider reports, a British Library spokesperson told The Register: "The final costs of recovering from the recent cyber attack are still not confirmed. The British Library and its government sponsor, the Department for Culture, Media and Sport, remain in close and regular contact. The Library always maintains its own financial reserve to help address unexpected issues and no bids for additional funding have been made at this stage."
It's just one of the services that are making a phased return amid ongoing work to build stop-gap workarounds that restore a level of operation to key library services, said Keating.
"Once PLR services are restored, we'll send out statements and where payments are due, these will be made as soon as we can," the British Library said.
The service disruption also means authors are currently unable to register for PLR payments at present, but the library expects to have a working registration system by June 30, the cutoff for registering for next year's payments.
"We are making good progress towards issuing UK PLR payments before the end of March, in accordance with government legislation," a British Library spokesperson said today.