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: £1m innovation funding to predict and counter cyber attacks
April 27, 2020
The Defence and Security Accelerator (DASA) can today announce nearly £1m to further develop technology that predicts and counters cyber-attacks. Three lead organisations, in collaboration with three additional organisations, have been awarded funding in Phase 2 of the DASA ‘Predictive Cyber Analytics’ competition. This work will develop, adapt and merge the novel approaches explored in Phase 1 ...
- Virgin Media breach ‘linked customers to porn’
March 6, 2020
A customer database left unsecured online by Virgin Media contained details linking some customers to pornography and explicit websites. The researchers who first discovered the database told the BBC that it contained more information than Virgin Media suggested. Such details could be used by cyber-criminals to extort victims. Read more… Source: BBC News
- Update your security strategy at IFSEC International
February 10, 2020
19–21 May 2020, ExCeL London IFSEC International 2020 is Europe’s largest and most comprehensive event for the global integrated security industry. It connects over 34,000 visitors from 113 countries with 450+ exhibitors showcasing some of the most innovative products and solutions on the market, as well as a full seminar programme, legislation updates, guidance and best practice. The exhibition ...
- UK’s HMRC tax authority seeks tools to track down cryptocurrency criminals
January 31, 2020
The UK’s Her Majesty’s Revenue and Customs (HMRC) tax collection agency is asking for a blockchain analytics tool useful in the hunt for cybercriminals — and perhaps asset tax avoiders. In a project request posted last week, HMRC asked bidders to provide a tool that “will support intelligence-gathering methods to identify and cluster cryptoasset transactions into linked ...
- UK government investigates possible cyberattack link to London Stock exchange outage
January 6, 2020
The UK government is reexamining the London Stock Exchange outage to ascertain whether or not a cyberattack, rather than a software glitch, was the cause. The LSE’s outage occurred on August 16, 2019. A “software glitch” was blamed in which Friday early-morning traders were left unable to buy or sell shares for over an hour and a half. Both ...
- New Year Honours: Government faces multi-million pound compensation bill over leaked private details
December 29, 2019
The Government is facing fines and a compensation bill running into millions of pounds after the disclosure of the home addresses of counter-terrorism experts, senior police officers and celebrities on the new year honours list. Senior figures demanded an exhaustive inquiry into the circumstances which led to the personal details of more than 1,000 individuals who will ...

