Jaguar Land Rover's recent cyberattack is projected to have cost the UK £1.9 billion, marking it as potentially the most economically damaging cyber event in the country's history. The attack led to a month-long shutdown of production and internal systems, affecting over 5,000 organizations, while the government provided a £1.5 billion loan guarantee to support the carmaker's recovery. Analysts attribute the financial impact to lost sales, production delays, and wider supply chain disruptions.
The UK government has stepped in to support Jaguar Land Rover with a £1.5 billion loan following a significant cyberattack that disrupted vehicle production for several weeks. This financial aid is aimed at stabilizing the company during a challenging period marked by production delays and operational challenges.
Jaguar Land Rover (JLR) has shut down part of its systems following a cyber incident that disrupted retail and production activities. While no customer data appears to have been compromised, the company is working to restore its global applications in a controlled manner. Experts suggest that the attack's identification may have come late, indicating potential ongoing access by the perpetrators.