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:
- FBI warns of rise in PYSA ransomware operators targeting US, UK schools
March 17, 2021
The FBI has warned of a surge in attacks against schools in which ransomware operators are stealing data to pile on the pressure for payment. In a joint FBI and DHS-CISA flash industry alert (.PDF) this week, law enforcement said a recent increase in attacks leveraging PYSA ransomware, also known as Mespinoza, has been traced to ...
- Universal Health Services lost $67 million due to Ryuk ransomware attack
March 1, 2021
Universal Health Services (UHS) said that the Ryuk ransomware attack it suffered during September 2020 had an estimated impact of $67 million. UHS, a Fortune 500 hospital and healthcare services provider, has over 90,000 employees who provide services to roughly 3.5 million patients each year in more than 400 US and UK healthcare facilities. UHS said last ...
- GCHQ: Artificial intelligence is already a vital part of our missions
February 25, 2021
The UK’s top intelligence and security body, GCHQ, is betting big on artificial intelligence: the organization has revealed how it wants to use AI to boost national security. In a new paper titled “Pioneering a New National Security,” GCHQ’s analysts went to lengths to explain why AI holds the key to better protection of the nation. ...
- Silver Sparrow Malware Found Nesting on 30K Macs
February 19, 2021
Hard on the heels of a macOS adware being recompiled to target Apple’s new in-house processor, researchers have discovered a brand-new family of malware targeting the platform. Curiously, in the samples seen so far by analysts at Red Canary, the malware (dubbed Silver Sparrow) has been executing on victim machines with the final payload yet to ...
- British cyber gang ‘stole large amounts from US sports and music stars after accessing their phones’
February 10, 2021
Eight Britons have been arrested for hacking into the phones of US celebrities to steal money and personal information – even posing as them online. Britain’s National Crime Agency (NCA) said sports stars, musicians and their families had been targeted by the scam in which criminals gain access to their victim’s phones or accounts. This allowed them ...
- The ‘offensive cyber’ used by UK National Cyber Force to confuse Islamic State militants and prevent drone attacks
February 8, 2021
The UK has revealed new details about a secret cyber operation against Islamic State that targeted the group’s ability to fly drones, meddled with their phones and hit their propaganda. The mission – told to Sky News by the head of GCHQ and a top general in their first joint interview – gives a sense of ...