Jaguar Land Rover hack cost UK economy an estimated $2.5 billion, report says

The hack of Jaguar Land Rover, owned by India’s Tata Motors, cost the British economy an estimated 1.9 billion pounds ($2.55 billion) and affected over 5,000 organisations, an independent cybersecurity body said in a report published on Wednesday.

This incident appears to be the most economically damaging cyber event to hit the UK, with the vast majority of the financial impact being due to the loss of manufacturing output at JLR and its suppliers.

The company started to resume manufacturing earlier this month after an almost six-week shutdown caused by the hack. The luxury carmaker has three factories in Britain that together produce about 1,000 cars per day.

To read the complete article see: Reuters

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