Catastrophic Jaguar Land Rover cyberattack to cost UK economy at least $2.5 billion, according to estimates — 5,000 independent organizations decimated by supply chain fallout

A recent cyberattack on Jaguar Land Rover and its supply chain of over 5,000 organizations is estimated to have cost the UK economy around $2.5 billion. The attack, which shut down manufacturing plants globally, resulted in significant financial losses and ongoing production delays. The report highlights the severe economic impact on JLR and its suppliers, with potential further losses as the effects ripple through secondary and tertiary suppliers. Other major UK businesses, like Marks and Spencer, have also suffered substantial financial losses due to cyberattacks in the past year.