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:
- US sanctions Russian accused of laundering Ryuk ransomware funds
November 6, 2023
The U.S. government has sanctioned a Russian national for allegedly laundering millions of dollars’ worth of victim ransom payments on behalf of individuals linked to the notorious Ryuk ransomware group. According to an announcement from the U.S. Treasury’s Office of Foreign Assets Control (OFAC), Ekaterina Zhdanova, 37, is accused of using virtual currency exchange transfers and ...
- Tech firms to allow vetting of AI tools
November 3, 2023
The most advanced technology companies will allow governments to vet their artificial intelligence tools for the first time, Rishi Sunak has announced, as Elon Musk warned the technology could eventually replace all human jobs. Companies including Meta, Google DeepMind and OpenAI have agreed to allow regulators to test their latest AI products before releasing them ...
- UK: Huge data breach at Southend-on-Sea City Council
November 2, 2023
Details of over 2,000 staff and councillors have been made public in a council data breach. Southend-on-Sea City Council could face six-figure fines for the mistake. The information disclosed included names, addresses and National Insurance numbers. The council leader has apologised and said that all those affected would be contacted and offered advice and support. ...
- British Library suffering major technology outage after cyber-attack
October 31, 2023
The British Library is suffering a technology outage after it was hit by a cyber-attack, which is affecting services online and its sites in London and Yorkshire. Access to the website, as well as the catalogue and digital collections, is temporarily unavailable. The collection of items ordered on or after 27 October, new collection item orders ...
- Police Service of Northern Ireland reprimanded over unlawful data sharing
October 28, 2023
The Police Service of Northern Ireland (PSNI) has been reprimanded for unlawfully sharing personal data on 174 people with a law enforcement agency in the United States. It follows an investigation by the UK data watchdog, the Information Commissioner’s Office (ICO). The ICO said multiple infringements of the Data Protection Act occurred between 2018 and late ...
- Cyber Security & Cloud Expo Global returns to London – What to expect
October 25, 2023
Cyber Security & Cloud Expo Global, one of the most highly anticipated events in the tech and cyber community, is back, and it promises to be bigger and more transformative than ever. Scheduled to take place from November 30th to December 1st, 2023, at the renowned Olympia London, this event is set to bring together over ...