New Delhi, Oct 22: A major cyberattack on Jaguar Land Rover, the British car manufacturer owned by Tata Motors, has cost the UK economy an estimated $2.55 billion (£1.9 billion), according to a report by the Cyber Monitoring Centre (CMC).
The attack forced a six-week shutdown of JLR’s production, affecting thousands of suppliers and dealerships nationwide. Over 5,000 companies across the UK were affected by the incident.
The CMC, an independent group of cybersecurity experts, ranked the JLR hack as a Category 3 systemic event, affecting not only JLR’s manufacturing but also its supply chain and car dealerships. The financial damage could have been even worse if JLR had faced longer delays in restarting production after the hack.