Jaguar Land Rover cyber attack confirmed as UK's most costly, with 1.9bn impact

"The cyber attack that crippled Jaguar Land Rover's operations has been confirmed as the most expensive in British history, with losses estimated at £1.9 billion, according to new analysis from the Cyber Monitoring Centre (CMC). The incident, which halted JLR production for five weeks from the start of September, disrupted around 5,000 organisations - including parts manufacturers, logistics providers, showrooms and repair shops - and sent shockwaves through the wider UK automotive supply chain."

""With a cost of nearly £2bn, this incident looks to have been, by some distance, the single most financially damaging cyber event ever to hit the UK. That should make us all pause and think. Every organisation needs to identify the networks that matter most, how to protect them, and how to cope if those networks are disrupted.""

A cyberattack on Jaguar Land Rover halted production for five weeks from early September and disrupted about 5,000 organisations across the automotive supply chain, including parts manufacturers, logistics providers, showrooms and repair shops. Analysis by the Cyber Monitoring Centre places total economic losses between £1.6 billion and £2.1 billion, centering on an estimate of £1.9 billion. The breach is classified as Category Three on a five-point severity scale due to its high economic cost and widespread impact. Systemic effects arose from a single corporate target rather than a broad platform failure. Russian state-linked hackers are suspected, with intelligence pointing to notable scale and precision.

Read at Business Matters