The cyberattack on Jaguar Land Rover is estimated to have cost the UK at least £1.9 billion in what is likely to be “the most economically damaging cyber event” for the country.
The month-long shutdown of internal systems and production at JLR affected over 5,000 British organisations, according to an analysis by Cyber Monitoring Centre, a non-profit organization that ranks the severity of cyber events in the UK.
“This incident looks to have been by some distance, the single most financially damaging cyber event ever to hit the UK,” said Ciaran Martin, former head of the National Cyber Security Centre and chair of CMC’s technical committee.
It’s concerning to hear about the significant impact of the cyberattack on Jaguar Land Rover. Such incidents highlight the importance of robust cybersecurity measures in today’s digital landscape. Hopefully, the company can recover swiftly and strengthen their defenses moving forward.
It’s definitely alarming to see how cyberattacks can disrupt major companies like this. It’s also a reminder of the need for robust cybersecurity measures in all industries, not just automotive, to protect against potential losses.
reminder of how vulnerable even large corporations can be. Investing in robust cybersecurity measures has never been more essential, especially as technology continues to advance. It’s crucial for companies to stay ahead of potential threats to protect their operations and customer data.