Jaguar Land Rover Cyber Attack Inflicts £1.9 Billion Blow on UK Economy, Analysis Finds
The cyber attack on Jaguar Land Rover has resulted in an estimated £1.9 billion loss to the UK economy, according to cybersecurity experts. The incident impacted more than 5,000 organizations and forced a six-week production shutdown at the automaker. Analysts suggest this represents the most economically damaging cyber event in UK history.
Massive Economic Impact
The cyber attack targeting Jaguar Land Rover has reportedly cost the British economy approximately £1.9 billion, making it the most economically damaging cyber incident in UK history, according to a recent analysis. The Cyber Monitoring Centre (CMC), an independent non-profit organization composed of industry specialists, stated that more than 5,000 organizations have been affected by the breach that occurred in August.