Jaguar Land Rover shows cyberattacks mean (bad) business
The month-long outage for luxury car maker Jaguar Land Rover appears to be at an end, with the company working through a “controlled, phased restart” of its manufacturing operations this week, following a massive cyberattack that forced the company to shut down its systems.
JLR said on Sept. 2 that it had “proactively” shut down operations following a cyber incident, initially stating that customer data did not seem to be stolen, but revising that statement a week later. JLR, a subsidiary of Tata Motors, likely suffered $50 million to $70 million in lost revenue per week, with the total cost of the incident estimated at a staggering $1.7 billion to $2.4 billion.
The attack, and its vast impact, should be a warning for companies, says Chris Gibson, executive director of the Forum of Incident Response and Security Teams (FIRST).
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