Catastrophic Jaguar Land Rover cyberattack to cost UK economy at least $2.5 billion, according to estimates — 5,000 independent organizations decimated by supply chain fallout

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A new report from cybersecurity body, the Cyber Monitoring Centre, has estimated that the recent hack of Jaguar Land Rover (JLR) and the fallout that affected its entire supply chain of more than 5,000 independent organizations cost the UK economy as much as £1.9 billion ($2.5 billion), via Reuters. These are just the losses so far, too, with the potential for them to mount further if there were any unexpected delays in restoring production at the main manufacturing facilities.

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Catastrophic Jaguar Land Rover cyberattack to cost UK economy at least $2.5 billion, according to estimates — 5,000 independent organizations decimated by supply chain fallout


A new report from cybersecurity body, the Cyber Monitoring Centre, has estimated that the recent hack of Jaguar Land Rover (JLR) and the fallout that affected its entire supply chain of more than 5,000 independent organizations cost the UK economy as much as £1.9 billion ($2.5 billion), via Reuters. These are just the losses so far, too, with the potential for them to mount further if there were any unexpected delays in restoring production at the main manufacturing facilities.

Amidst a range of…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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