"There's no doubt that cyber-attacks directly impact company revenue and reputation. The results are clear to see: Jaguar Land Rover (JLR) has revealed a 24.2% drop in volume sales in the three months up to September 30, largely as a result of the ongoing cyber incident. The downstream costs of the August breach could be even higher. Based on the substantial disruption to JLR's manufacturing and supply chain,"
"the attack could end up being the most expensive cyber event in British history, costing between £1.6 billion and £2.1 billion, according to the Cyber Monitoring Centre. IBM's Cost of a Data Breach estimates the average cost of an incident is $4.44 million in 2025. Meanwhile, cybersecurity spending is set to increase globally to 12.2% this year to reach over $377 billion by 2028, according to analyst ."
""a cost center rather than a strategic investment""
""Security teams and boards often speak completely different languages," Scott Walker, chief architect at Orange Cyberdefense points out. "While CISOs talk about vulnerabilities and threat vectors, boards are interested in revenue, margin and risk exposure.""
Jaguar Land Rover reported a 24.2% drop in volume sales for the three months to September 30 tied to an ongoing cyber incident. The August breach could cause substantial downstream disruption to manufacturing and supply chains, potentially costing between £1.6 billion and £2.1 billion, per the Cyber Monitoring Centre. IBM estimates the average cost of a data breach at $4.44 million in 2025. Global cybersecurity spending is projected to rise 12.2% this year toward over $377 billion by 2028. Artificial intelligence is fuelling attacks while CISOs often face rising threats without matching budget increases. Boards frequently view security as a cost center and misalign with CISOs on priorities.
Read at IT Pro
Unable to calculate read time
Collection
[
|
...
]