Jaguar Land Rover hack hurt the U.K.'s GDP, Bank of England says

A cyberattack against British car manufacturer Jaguar Land Rover, the country’s largest automaker, has been so catastrophic that it put a dent in the U.K.’s gross domestic product, the Bank of England said.

In its quarterly monetary policy report , released Thursday, the Bank of England said headline GDP had grown by 0.2%, less than it had projected. That slowdown was due to reduced exports to the U.S. and “disruption linked to the Jaguar Land Rover cyberattack,” it said.

The hack against Jaguar Land Rover, which began in August, has proven to be the most economically devastating in British history, said Ciaran Martin, the chair of the technical committee at Cyber Monitoring Centre, a nonprofit that tracks the impacts of cyberattacks on the country.

“What makes this incident so bad is