A recent cyberattack on Jaguar Land Rover (JLR), a British car maker owned by India’s Tata Motors, has cost the UK economy about £1.9 billion (roughly $2.55 billion), says a report released by the Cyber Monitoring Centre (CMC) on Wednesday.
The hack forced JLR to shut down its three UK factories for almost six weeks, wiping out production of around 1,000 cars a day. The pause stopped the supply chain in its tracks, affecting thousands of suppliers and car dealerships across the country.
The CMC, an independent group of cyber‑security experts that includes a former head of the UK’s National Cyber Security Centre, said the hit was “the most costly cyber event ever to hit the UK.” More than 5,000 companies nationwide were said to feel the impact.
Because production had halted, JLR was losing about £50 million a week before the shutdown. The government responded by offering a £1.5 billion loan guarantee to help JLR and its suppliers recover.
This incident follows other high‑profile hacks in the UK, such as the breach that shut down Marks & Spencer’s online services for two months and cost the retailer about £300 million.
In the CMC’s system, which rates the financial impact of cyber incidents on British businesses, the JLR hack landed in Category 3 of “systemic events” on a scale of one to five.
The attack disrupted more than just JLR’s production: it snarled the entire supply chain and hurt car dealers nationwide. This shows how a single cyber‑attack can ripple through the whole economy, underlining the need for stronger cyber‑security measures in UK industry.
Source: ianslive
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