A new report from cybersecurity body, the Cyber Monitoring Centre, has estimated that the recent hack of Jaguar Land Rover (JLR) and the fallout that affected its entire supply chain of more than 5,000 independent organizations cost the UK economy as much as £1.9 billion ($2.5 billion), via Reuters. These are just the losses so far, too, with the potential for them to mount further if there were any unexpected delays in restoring production at the main manufacturing facilities.
Amidst a range of ransomware and social engineering attacks against major institutions in the UK over the past year, the Jaguar Land Rover breach was arguably the biggest and the worst. It shut down several manufacturing plants in the UK, as well as production facilities in Slovakia, China, India, and Brazil, as teenagers from ransomware groups locked down their entire global computing system.
