The document, prepared by specialists and former officials from the British National Cyber Security Center, described the incident as “the most economically damaging cyber event” that has ever hit the country.
The recent cyber attack on Jaguar Land Rover (JLR)owned by the Indian group Tata Motorshad an unprecedented economic impact on the United Kingdom.
According to a report prepared by the Cyber Monitoring Center (CMC), the cyber intrusion recorded in August would have caused estimated losses in 1.9 billion pounds sterling (about US$2.55 billion) and affected more than 5,000 organizations linked to the manufacturer’s production chain.
The document, prepared by specialists and former officials from the British National Cyber Security Center, described the incident as “the most economically damaging cyber event” that has hit the country.
Major automaker suffered losses of more than $2.5 billion due to massive hack
Most of the impact came from complete cessation of production at JLR plants and its suppliers, which lasted almost six weeks.
The company, which produces around 1,000 vehicles daily in its three factories United Kingdombegan to normalize its activity at the beginning of October.
jaguar
During the shutdown, analysts estimated losses of 50 million pounds a weekwhich led the British government to provide a loan guarantee of 1.5 billion pounds to support the automotive industry and affected suppliers.
Source: Ambito
