Analysts Place JLR Hack at Top of UKs Most Costly Cyber Incidents

 

It has been said by experts that Jaguar Land Rover (JLR) has found itself at the epicentre of the biggest cyber crisis in UK history, an event that has been described as a watershed moment for British industrial resilience. It was in late August that hackers breached the automaker’s computer system, causing far more damage than just crippling its computers. 
The breach caused a sudden and unexpected halt for the nation’s largest car manufacturer, revealing how vulnerable modern manufacturing networks really are.

Jaguar Land Rover’s cyberattack has been classified as a Category 3 systemic event by the Cyber Monitoring Centre (CMC), the third-highest severity level on the five-point scale, emphasising the magnitude of the disruption that resulted. 

According to estimates, the company lost between £1.6 billion ($2.1 billion) and £2.1 billion ($2.8 billion) in losses, but experts warned that losses could climb higher if production setbacks persist or deep damage arises to the company’s operational technology.

It appears by some distance to be, by some distance, that this incident has had a financial impact on the United Kingdom that has been far greater than any other cyber incident that has occurred, according to Ciaran Martin, chairman of the CMC Technical Committee, in a statement to Cybersecurity Dive.

As the British authorities expressed growing concern

[…]
Content was cut in order to protect the source.Please visit the source for the rest of the article.

This article has been indexed from CySecurity News – Latest Information Security and Hacking Incidents

Read the original article: