Astounding Cost of Crippling Jaguar Land Rover Ransomware Attack Revealed
Global analysts estimate the ransomware strike on the carmaker triggered the most expensive cyber incident in UK history, crippling production and leaving deep supply chain scars.
Jaguar Land Rover (JLR) has been confirmed as the victim of one of the most expensive cyber attacks ever recorded, with experts estimating losses exceeding A$3.7 billion.
The ransomware assault, which paralysed JLR’s production systems for more than a month, has been labelled the costliest cyber incident in British history, surpassing previous breaches at major retailers M&S and the Co-op.
According to the Cyber Monitoring Centre (CMC), a global non-profit that tracks and assesses cyber events, JLR likely lost between A$3 billion and A$3.9 billion, with the most probable figure sitting around A$3.6 billion.
No direct quote available.
Author's summary: Jaguar Land Rover faces A$3.7 billion loss.