Jaguar Land Rover Hack Cost UK Economy an Estimated $2.5 Billion (reuters.com)
(Wednesday October 22, 2025 @05:20PM (BeauHD)
from the realworld-consequences dept.)
- Reference: 0179852398
- News link: https://news.slashdot.org/story/25/10/22/1952245/jaguar-land-rover-hack-cost-uk-economy-an-estimated-25-billion
- Source link: https://www.reuters.com/sustainability/boards-policy-regulation/jaguar-land-rover-hack-cost-uk-economy-25-billion-report-says-2025-10-22/
An anonymous reader quotes a report from Reuters:
> The hack of Jaguar Land Rover, owned by India's Tata Motors, [1]cost the British economy an estimated $2.55 billion and affected over 5,000 organizations, an independent cybersecurity body said in [2]a report published on Wednesday. The report was produced by the Cyber Monitoring Centre, an independent, not for profit organization made up of industry specialists, including the former head of Britain's National Cyber Security Centre. It said losses could be higher if there were unexpected delays to the restoration of production at the vehicle manufacturer to levels before the hack took place in August.
>
> "This [3]incident appears to be the most economically damaging cyber event to hit the UK, with the vast majority of the financial impact being due to the loss of manufacturing output at JLR and its suppliers," the report said. JLR will report its financial results in November, according to the company's website. A spokesperson for JLR declined to comment on the report. [...] JLR, which analysts estimated was losing around 50 million pounds per week from the shutdown, was provided with a [4]1.5 billion pound loan guarantee by the British government in late September to help it support suppliers.
[1] https://www.reuters.com/sustainability/boards-policy-regulation/jaguar-land-rover-hack-cost-uk-economy-25-billion-report-says-2025-10-22/
[2] https://cybermonitoringcentre.com/2025/10/22/cyber-monitoring-centre-statement-on-the-jaguar-land-rovercyber-incident-october-2025/
[3] https://it.slashdot.org/story/25/09/24/0344223/jaguar-land-rover-hack-has-cost-30000-cars-and-threatens-supply-chain
[4] https://news.slashdot.org/story/25/09/29/1945254/uk-government-to-guarantee-2-billion-jaguar-land-rover-loan-after-cyber-shutdown
> The hack of Jaguar Land Rover, owned by India's Tata Motors, [1]cost the British economy an estimated $2.55 billion and affected over 5,000 organizations, an independent cybersecurity body said in [2]a report published on Wednesday. The report was produced by the Cyber Monitoring Centre, an independent, not for profit organization made up of industry specialists, including the former head of Britain's National Cyber Security Centre. It said losses could be higher if there were unexpected delays to the restoration of production at the vehicle manufacturer to levels before the hack took place in August.
>
> "This [3]incident appears to be the most economically damaging cyber event to hit the UK, with the vast majority of the financial impact being due to the loss of manufacturing output at JLR and its suppliers," the report said. JLR will report its financial results in November, according to the company's website. A spokesperson for JLR declined to comment on the report. [...] JLR, which analysts estimated was losing around 50 million pounds per week from the shutdown, was provided with a [4]1.5 billion pound loan guarantee by the British government in late September to help it support suppliers.
[1] https://www.reuters.com/sustainability/boards-policy-regulation/jaguar-land-rover-hack-cost-uk-economy-25-billion-report-says-2025-10-22/
[2] https://cybermonitoringcentre.com/2025/10/22/cyber-monitoring-centre-statement-on-the-jaguar-land-rovercyber-incident-october-2025/
[3] https://it.slashdot.org/story/25/09/24/0344223/jaguar-land-rover-hack-has-cost-30000-cars-and-threatens-supply-chain
[4] https://news.slashdot.org/story/25/09/29/1945254/uk-government-to-guarantee-2-billion-jaguar-land-rover-loan-after-cyber-shutdown
The really important thing here (Score:3)
by gillbates ( 106458 )
I'm willing to bet that some executive, somewhere, was able to meet and exceed his KPIs for IT cost, resulting in a bonus. The most important thing is that the executives get paid for continuing the status quo.
Whether said executive still works at the company or has moved on to another company misses the point: the circumstances which enabled the hack were created by the manner in which the company rewarded cost control, rather than security . Security is not quantifiable; no one was ever rewarded for the hacks that didn't happen. The only question remaining is if the board has enough sanity to hire a CEO who won't incentivize financial performance at the expense of security.
So, how is that cheap IT security working for you? (Score:3)
Because this could very likely have been prevented or at the very least made much less severe. All it would have taken is doing what the state-of-the-art requires. But no, greed runs supreme.
Re: So, how is that cheap IT security working for (Score:2)
Why bother doing the right thing when you can export your security for much less money and know the UK taxpayers will have your back when it inevitably bites you in the arse.