The cyber attack on Jaguar Land Rover (JLR) will cost an estimated £1.9bn and be the most economically damaging cyber event in UK history, according to researchers.
Experts at the Cyber Monitoring Centre (CMC) have analysed the continuing fallout from the hack, which halted the car giant’s production on 1 September for five weeks and caused widespread delays across JLR’s supply chain.According to the CMC, 5,000 businesses have been affected in total and a full recovery will not be reached until January 2026.
Read more…
Source: BBC News
Sign up for the Cyber Security Review Newsletter
The latest cyber security news and insights delivered right to your inbox
Related:
- UK: Water group made loss in wake of cyber attack
February 19, 2024
The Walsall-headquartered integrated serviced group, which operates South Staffordshire Water and Cambridge Water, posted a pre-tax loss of £23.1 million for the year to the end of March from a £7.6m profit a year earlier. The losses was put down to the impact of rising costs including on energy and chemicals, higher than expected water production ...
- Dead Man’s Fingers maker cuts over 500 jobs and enters the red after cyber attack hits sales
February 16, 2024
The maker of Crabbie’s Ginger Beer and Dead Man’s Fingers spiced rum shed more than 500 jobs and entered the red after its sales were hit by a cyber attack, it has been revealed. Halewood Artisanal Spirts, whose brands also include Whitley Neill Gin, Liverpool Gin and Samuel Gelton’s Irish whiskey, has posted a turnover of ...
- UK: Contact details and national security numbers could have been stolen from Southern Water customers following cyber attack
February 12, 2024
The announcement, which went live on Southern Water’s website earlier today (February 12), confirms that ‘a limited part’ of the company’s server estate is at risk following an illegal intrusion earlier this year. Apologising for the breach, a spokesperson confirmed that the company is working with “expert technical advisers to confirm who is at risk,” and ...
- Deputy Prime Minister hosts first global conference targeting ‘hackers for hire’ and malicious use of commercial cyber tools
February 6, 2024
UK, and France, hosting 35 nations at inaugural conference to tackle proliferation and irresponsible use of commercial cyber intrusion tools and services. Deputy Prime Minister Oliver Dowden will launch new international agreement, signed by participants, to take joint-action – the ‘Pall Mall Process’. States will be joined by big tech leaders, legal experts, and human rights defenders, ...
- UK: Thousands of EU citizens ‘wrongly fined for breaching Ulez rules’ in potential record data breach
January 26, 2024
Hundreds of thousands of EU citizens were wrongly fined for driving in London’s Ultra Low Emission Zone (Ulez), amid claims of a record data breach. Several EU countries have accused Transport for London (TfL) of illegally obtaining the names and addresses of their citizens to issue the penalties, The Guardian reports. The paper said more than ...
- UK councils remain downed by cyberattack
January 26, 2024
Three local councils in the United Kingdom continue to experience disruption to their online services, a week after confirming a cyberattack had knocked some systems offline. The councils for Canterbury, Dover, and Thanet — all of which are based in the U.K. county of Kent and have a combined population of almost 500,000 residents — said ...