Cyberstorm at Jaguar Land Rover: A Blow to the British Economy
A cyberattack on Jaguar Land Rover, owned by Tata Motors, disrupted production for six weeks, affecting over 5,000 organizations and costing the British economy an estimated £1.9 billion. The automaker faced significant manufacturing reductions and sought financial assistance, highlighting vulnerabilities in the UK's cybersecurity framework.
Jaguar Land Rover, part of India's Tata Motors, experienced a cyberattack that led to substantial economic losses in the UK, estimated at £1.9 billion. According to the Cyber Monitoring Centre, the hack impacted over 5,000 organizations and could result in even higher losses if production delays continue.
The hack, described as the most economically damaging cyber event in the UK to date, significantly reduced JLR's manufacturing output and affected its supply chain. With JLR resuming manufacturing after nearly six weeks, the luxury automaker declined to comment on the financial estimates.
To mitigate further losses, JLR secured a £1.5 billion loan guarantee from the British government. The incident, ranked as a Category 3 systemic event by the Cyber Monitoring Centre, underscores the critical cybersecurity challenges faced by major British companies this year.
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