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Jaguar Land Rover hack cost UK economy $2.5 billion, report says
['Thomson Reuters']
Fargo | KNFL | 740thefan.com
By James PearsonLONDON (Reuters) -The August hack of Jaguar Land Rover (JLR), owned by India’s Tata Motors, cost the British economy 1.9 billion pounds ($2.55 billion) and affected over 5,000 organisations in the country, an independent cybersecurity body said in a report published on Wednesday.
JLR started to resume manufacturing earlier this month after an almost six-week shutdown caused by the hack.
The incident was one of a string of high profile hacks to affect major British companies this year.
Retailer Marks & Spencer lost about 300 million pounds (about $400 million) after a breach in April shut down its online services for two months.
The CMC’s estimate “reflects the substantial disruption to JLR’s manufacturing, to its multi-tier manufacturing supply chain, and to downstream organisations including dealerships,” the report said.