Jaguar Land Rover Cyberattack Becomes UK's Most Costly Ever at £1.9 Billion
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A cyberattack on Jaguar Land Rover in late August has cost the UK economy an estimated £1.9 billion, making it potentially Britain's most expensive cyber incident ever. The hack forced JLR to shut down all factories and offices, affecting 5,000 organizations across its supply chain.
The carmaker, which produces about 1,000 vehicles daily across three UK factories, only managed a limited restart in early October and won't return to full production until January. Smaller suppliers were forced to lay off thousands of workers due to cash flow problems.
The government promised JLR a £1.5 billion loan guarantee in September to help support suppliers. The Cyber Monitoring Centre ranked this as a category 3 systemic event, with losses potentially higher if production delays continue.
Source: The Guardian