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:
- London police software quarantines thousands of cybercrime reports
October 25, 2019
Over 9,000 cybercrime reports filed by UK citizens have sat inside a police database without being investigated after security software mistakenly identified them as containing malicious code and placed them in quarantine. All the quarantined reports came from Action Fraud, an official UK police website where victims can report fraud and cybercrime. According to an audit published this week ...
- Man jailed for cyber attacks against police websites in revenge for bomb hoax conviction
August 12, 2019
A 20-year-old man has been jailed for 16 months after launching cyber attacks against police websites. Liam Reece Watts used specialist software to overload the Greater Manchester Police and Cheshire Police websites in separate attacks which temporarily brought down the sites. He said the attack on Cheshire Police was in retaliation for a previous conviction over a ...
- UK gov launches second audit of cyber security labour market
August 2, 2019
The UK government has launched a second audit of the country’s cyber security labour market in an effort to assess how companies across the country are handling the employment and training of IT professionals. Organisations across the public and private sector have been chosen at random to contribute to the study, with responses helping to shape ...
- British Army to train cyber spies to combat hackers and digital propaganda
August 1, 2019
The British Army will adapt to better tackle the threat of cyber warfare, including hackers, digital propaganda and misinformation, the Ministry of Defence (MoD) has said. A unit called the Sixth Division will be reintroduced as part of plans to “rebalance the Field Army… defeat adversaries both above and below the threshold of conventional conflict”, ...
- Western intelligence hacked ‘Russia’s Google’ Yandex to spy on accounts
June 27, 2019
Hackers working for Western intelligence agencies broke into Russian internet search company Yandex in late 2018, deploying a rare type of malware in an attempt to spy on user accounts, four people with knowledge of the matter told Reuters. The malware, called Regin, is known to be used by the “Five Eyes” intelligence-sharing alliance of the ...
- UK ‘Particularly Vulnerable’ To Cyber Attack, MPs Warn
June 6, 2019
Public Accounts Committee report warns that the UK is extremely vulnerable due to its advanced digital economy The Public Accounts Committee (PAC) has warned in a new report that the United Kingdom is now more than ever, “particularly vulnerable to the risk of cyber attacks.” It said that because the UK is one of the world’s leading digital economies ...