The cyberattack that forced Jaguar Land Rover to halt production has not only paralysed Britain’s largest carmaker but now threatens to draw in the Treasury. Ministers are openly considering whether to extend taxpayer-backed support to hundreds of suppliers left reeling by the shutdown - a bailout that would echo the furlough schemes deployed during the pandemic.

For risk managers and insurers, the potential intervention is a watershed moment. It would mark the first time that government had been forced to contemplate economic rescue measures in response to a purely cyber incident. The question is whether such a visible demonstration of systemic risk will finally persuade clients to treat cyber insurance as more than an optional extra.

The attack, claimed by a group styling itself Scatte

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