The cyberattack on Britain-based, Indian-owned Jaguar Land Rover (JLR), which shut the production lines for several weeks, has cost an estimated 1.9 billion Pounds, and affected more than 5,000 organisations, said a report released on Wednesday.
The attack is estimated to be one of the biggest cyberattacks in the UK’s history, it said. “The particular attack appears to be the most economically damaging cyber event ever to the UK, with manufacturing and suppliers suffering the most,” the report added.
Several developed and developing nations have faced increased cyberattacks over the past few years. Recently, Australia’s premier Qantas Airlines reported the data theft of nearly 1.7 million customers in one of the worst attacks ever.
The German companies, especially the luxury manufacturing brands, are also at risk from cyberattacks, it noted. In Jaguar and Land Rover’s case, the attack led to a halt in production for weeks, affecting the production of nearly 20,000 vehicles.
Also Read : Qantas hit by cyber attack; millions of customer data at ransom
Many of the Tata-owned company's 33,000 employees were told to stay at home during the shutdown. Production restarted earlier in October.
JLR, which makes the Range Rover and Defender models, estimated during the crisis that its production supported around 104,000 jobs in supply chains across the country.
According to cybersecurity experts, the intensity of the newly encoded hacking software poses a greater risk to the global financial markets, large-scale organisations, and public data secured in digital databases.
This year, some of the biggest attacks were aimed at big corporations and financial institutions.
Among them were the UNFI breach that disrupted Western food supply chains and Iran’s Sepah Bank attack, in which hackers accessed 42 million customer records roughly 12 terabytes of data. Other major cases this year include attacks on M&S, Qantas Airways, SAP NetWeaver, and US-based Tele-message.
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