Southern Water Reveals £4.5 Million Cost from Black Basta Ransomware Attack

British water supplier Southern Water has revealed that it incurred costs of £4.5 million (USD 5.7 million) following a cyberattack in February 2024. The attack, carried out by the Black Basta ransomware, had a significant financial impact on the company. Although specific technical details of the attack have not been disclosed, the costs include expenses related to incident response and the recovery of affected systems.