Jaguar Land Rover Hack Cost the UK $2.5 Billion

The August cyberattack on Jaguar Land Rover, owned by India’s Tata Motors, cost the British economy £1.9 billion ($2.55 billion) and affected more than 5,000 organizations across the country, an independent cybersecurity body said in a report published recently, James Pearson reported for Reuters.

Jaguar's losses could be higher if there are unexpected delays in restoring production at the automaker to pre-hack levels. (Photo: Jaguar)

The report, produced by the Cyber Monitoring Centre (CMC)—an independent, nonprofit organization comprising industry experts, including the former head of Britain’s National Cyber Security Centre (NCSC)—said losses could be higher if there are unexpected delays in restoring production at the automaker to pre-hack levels.

“This incident appears to be the most economically damaging cyber event to hit the UK, with the vast majority of the financial impact stemming from the loss of manufacturing output at JLR and its suppliers,” the CMC report said.

JLR began resuming production earlier this month after an almost six-week shutdown caused by the hack. The luxury carmaker has three factories in Britain that together produce about 1,000 vehicles per day.