Cost of cyber attack hits London housing association’s numbers

By Carl Brown2022-10-26T06:00:00

Attack affected Clarion’s ability to collect rent off tenants

The cost of having to fix a cyber attack and the impact of late rent collections as a result meant London housing association Clarion saw a drop in surplus in the first of the year.

The 109,000-home housing association saw turnover slip 6% to £481m for the six months to 30 September, while its operating surplus, excluding one-off items, fell 10% to £149m.

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