SOUTHERN WATER SAYS BLACK BASTA RANSOMWARE ATTACK COST £4.5M IN EXPENSES

Summary from the TLDR InfoSec newsletter

UK water supplier Southern Water disclosed in its financial report that a Black Basta ransomware attack from February 2024 cost the company roughly £4.5M. Leaked chat logs from the Black Basta ransomware gang show that the company offered to pay £750K after the attackers demanded $3.5M. Representatives from the company refused to clarify whether they paid the ransomware gang.