Jaguar Land Rover cyberattack could cost the UK almost 2B

"The figure comes from the Cyber Monitoring Centre (CMC) nonprofit, which categorizes and classifies incidents in the digital world. Events are categorized on a scale from one to five based on financial impact and the percentage of UK businesses affected. The JLR incident has been classified as a "Category 3 systemic event." CFC Group Limited, a company that sells cyber insurance policies, provided the funding to set up the CMC."

"A Category 5 event would have an impact of £5 billion or more and affect 5 percent or more of the UK population. The estimate, which comes from a modeled range of £1.6 billion to £2.1 billion, only considers the impact on the UK and reflects the disruption to JLR's manufacturing, supply chain, and dealerships. The figure could be even higher if there are any unexpected delays in getting production back to the level it was at before the incident."

The Cyber Monitoring Centre (CMC) estimates the Jaguar Land Rover cyberattack could cost about £1.9 billion in the UK, within a modeled range of £1.6 billion to £2.1 billion. The incident is classified as a Category 3 systemic event. The attack affected JLR's IT systems, halted manufacturing at Solihull, Halewood, and Wolverhampton, took dealer systems offline, and caused canceled or delayed supplier orders. The UK government provided £1.5 billion in support during recovery, though the CMC assumes no taxpayer cost will materialize. Manufacturing resumed in October, with repairs and supply-chain restoration expected to take time and potentially raise total costs.

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