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 Elections watchdog targeted by cyber attack which left voters’ details exposed
August 8, 2023
Details of tens of millions of voters could have been accessed by hackers who targeted the elections watchdog. The Electoral Commission revealed on Tuesday it was targeted by a cyber attack which allowed “hostile actors” to access electoral registers. The hack allowed the attackers to access reference copies of electoral registers which contained the name and addresses ...
- Capita shares plummet 11 per cent as contractor reveals cyber attack cost £25m
August 4, 2023
Capita shares in slumped 11.4 per cent on Friday morning after it said a recent data breach could cost it up to £25m. The government contractor, which provides data and IT outsourcing processes, said this morning it expects a major cyber attack in March could cost it £20-25m, as an investigation nears its close. Read more… Source: City ...
- UK spy agencies want to relax ‘burdensome’ laws on AI data use
August 1, 2023
The UK intelligence agencies are lobbying the government to weaken surveillance laws they argue place a “burdensome” limit on their ability to train artificial intelligence models with large amounts of personal data. The proposals would make it easier for GCHQ, MI6 and MI5 to use certain types of data, by relaxing safeguards designed to protect people’s ...
- Capita boss quits as fine looms for huge hack of confidential data
July 31, 2023
The chief executive of outsourcing firm Capita is to step down as the company reels from a cyber-attack that could result in a hefty fine from the UK’s information and privacy regulator. Capita said Jon Lewis would step down by the end of the year, making way for Adolfo Hernandez, the vice-president of telecommunications at Amazon ...
- Ortivus’ electronic patient record system are down for some United Kingdom based customers due to a cyber-attack
July 26, 2023
On the evening of 18 July Ortivus’ systems were subject to a cyber-attack affecting UK customer systems within our hosted datacenter environment. The electronic patient records are currently unavailable and are until further notice handled using manual systems. No patients have been directly affected. No other systems have been attacked and no customers outside of those ...
- Apple slams UK surveillance-bill proposals
July 20, 2023
Apple says it will remove services such as FaceTime and iMessage from the UK rather than weaken security if new proposals are made law and acted upon. The government is seeking to update the Investigatory Powers Act (IPA) 2016. It wants messaging services to clear security features with the Home Office before releasing them to customers. ...