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TfL cyberattack bites into profits with £30 million spent on recovery

  • Transport for London (TfL) has estimated that it has spent £30 million ($38 million) on recovery efforts following a cyberattack.
  • This is the first time TfL has provided an estimate for the financial cost of the attack.
  • The attack, which occurred in September, resulted in the theft of customer data, including bank account numbers and sort codes.
  • TfL was not insured against cyberattacks, and the cost of the incident has impacted the organization's ability to invest in improving services.

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