JLR cyberattack costs UK economy nearly £2bn, affects 5,000 firms
A cyberattack on Jaguar Land Rover that disrupted the carmaker's UK operations in late August has been estimated to have cost the British economy about £1.9 billion and affected more than 5,000 businesses, according to a report by the Cyber Monitoring Centre. The breach forced a stoppage of production across JLR's British factories for roughly five weeks, prompted a government loan guarantee to shore up the supply chain, and has been described by analysts as the most economically damaging cyber incident in the UK to date.
The attack hit JLR's digital systems and supply-chain operations at the end of August, halting vehicle output at its principal UK plants, including facilities in Solihull, Halewood and Wolverhampton. Those three sites typically produce around 1,000 vehicles a day; analysts have estimated the company lost about £50 million a week during the shutdown. The interruption reverberated through a network of component suppliers, logistics firms and dealerships, leaving some smaller suppliers warning they could collapse without rapid resumption of trade or additional financial support.
The Cyber Monitoring Centre classified the incident as a category 3 event on its...