The cyber attack that hit Transport for London at the start of September has cost it about £30m.
London’s Standard newspaper reports these costs include £5m it has spent on “external support” to help it respond to, and recover from, the hacking, including software upgrades to its computer systems.
It quotes a report to the TfL board which says predicted operating surplus or “profit” for the current 2024/25 financial year has fallen by £38m in the last three months, “primarily a result of the impact of the recent cyber security incident”.
The report adds that since the attack, TfL has been gradually restoring its “back office” systems and is again accepting applications for concessionary fares, such as Zip Oyster cards used by children and teenagers and the 60+ Oyster used by older Londoners.
(Picture – Yay Images)