Asia In Brief India’s Tata Motors, owner of Jaguar Land Rover, has revealed the cyberattack that shut down production in the UK has so far cost it around £1.8 billion ($2.35 billion).
The company last week posted results for the quarter ended September 30th, and revealed it incurred exceptional costs of £196 million ($258 million) as a direct consequence of the attack, and saw revenue fall year-over-year from £6.5 billion to £4.9 billion ($8.5bn to $6.4bn).
The company’s results would have been worse, were it not for sales growth in India.
“There is no denying this was a difficult quarter with disruption from a cyber incident,” said CFO Richard Molyneux. “This is something that is happening to more and more companies that no company would ever wish for.”
Ola denies battery IP theft
Ol

The Register

Local News in Kansas
Local News in Texas
Cover Media
America News
Raw Story
Law & Crime
Reuters US Top
AlterNet