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:
- NCA launches UK ad campaign to divert kids searching for cybercrime tools
May 29, 2020
The UK’s National Crime Agency (NCA) has launched a new advertising campaign designed to divert young people searching for cybercrime services to white hat alternatives. As spotted by cybersecurity expert Brian Krebs, using a UK IP address when searching Google for particular terms that can relate to cybercrime, such as Distributed Denial-of-service (DDoS) for hire, booters, stressers, ...
- UK electricity middleman hit by cyber-attack
May 14, 2020
Elexon, a crucial middleman in the UK power grid network, reported that it fell victim to a cyber-attack earlier today. In a short message posted on its website, the company said the incident only impacted its internal IT network and employee laptops. The company’s email server was also impacted and had been taken down, cutting employees off from crucial ...
- SilverTerrier: New COVID-19 Themed Business Email Compromise Schemes
May 7, 2020
Focusing on one of the most active subsets of the global threat landscape, Palo Alto Networks Unit 42 tracks Nigerian cyber criminals involved in Business Email Compromise (BEC) activities under the name SilverTerrier. Over the past 90 days (Jan. 30 – Apr. 30), we have observed three SilverTerrier actors/groups launch a series of 10 COVID-19 themed ...
- Coronavirus: GCHQ gets access to NHS data to beef up security
April 29, 2020
Health secretary Matt Hancock has used emergency powers under the NHS Act of 2006 to give GCHQ special dispensation to access data on the NHS’s cyber security and other IT systems in order to better protect the health service from cyber attack during the Covid-19 coronavirus pandemic. Documents released by the government, which can be viewed ...
- Academics demand answers from NHS over potential data timebomb ticking inside new UK contact-tracing app
April 29, 2020
A group of nearly 175 UK academics has criticised the NHS’s planned COVID-19 contact-tracing app for a design choice they say could endanger users by creating a centralised store of sensitive health and travel data about them. In the open letter published this afternoon, the 173 scholars called on NHSX, the state-run health service’s app-developing and ...
- Spies Urged To Adopt AI To Counter Augmented Threats
April 28, 2020
UK’s intelligence agencies must use artificial intelligence to repel increasingly sophisticated cyber-attacks and disinformation campaigns, finds study The UK’s foes are likely to use artificial intelligence to augment future threats, a study has warned, arguing that Britain’s intelligence forces must adopt the technology to keep pace. The study, commissioned by GCHQ and conducted by the Royal United Services Institute, ...

