"Researchers at the center said they place the UK financial impact at between £1.6 billion and £2.1 billion, with £1.9 billion the most likely figure. That doesn't include any possible ransom. Notably, the long-term financial impact of the incident could be higher, providing operational technology (OT) turns out to have been significantly impacted, or if there are unexpected delays in bringing production back to previous levels."
"The estimate is based on the substantial disruption to JLR's own manufacturing, to its multi-tier manufacturing supply chain, and to downstream organizations including dealerships. All told, more than 5,000 UK organizations were affected by the attack, researchers revealed. Ciaran Martin, chair of the CMC's technical committee and former head of the National Cyber Security Centre (NCSC), said the incident appears to be the "single most financially damaging cyber event ever to hit the UK"."
""That should make us all pause and think, and then - as the National Cyber Security Centre said so forcefully last week - it's time to act," he commented. "Every organization needs to identify the networks that matter to them, and how to protect them better, and then plan for how they'd cope if the network gets disrupted"."
The Cyber Monitoring Centre estimates the UK financial impact of the September Jaguar Land Rover cyberattack at between £1.6 billion and £2.1 billion, with £1.9 billion the most likely figure. The estimate excludes any potential ransom and notes possible higher long-term costs if operational technology was affected or if production recovery is delayed. The attack shut down JLR IT systems and halted global manufacturing, suspending output at Solihull, Halewood, and Wolverhampton for roughly five weeks. Weekly UK production shortfalls reached nearly 5,000 vehicles, with modelled fixed-cost and lost-profit losses of £108 million per week. Over 5,000 UK organizations were affected.
Read at IT Pro
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