Historic Cyber Attack Hits Jaguar Land Rover with $2.55 Billion Blow

The August cyber attack on Jaguar Land Rover, owned by Tata Motors, has cost the UK economy a staggering 1.9 billion pounds ($2.55 billion), according to a report by the independent Cyber Monitoring Centre (CMC). The attack disrupted over 5,000 organisations, making it a significant economic crisis.

The CMC, comprised of industry experts, including Britain's former National Cyber Security Centre head, estimated potential higher losses if restoration to pre-hack production levels faced delays. The report labels this hack as possibly the UK's most economically damaging cyber incident, citing massive disruptions to JLR's output and its supply chain.

After an almost six-week production halt, JLR resumed operations this month. The hack is among several high-profile cybersecurity breaches affecting UK firms this year, including a Marks & Spencer incident costing 300 million pounds. JLR's recovery received a 1.5 billion pound loan guarantee from the UK government to aid supply chain support.