Jaguar Land Rover looking at $2.5 billion price tag from crippling cyberattack

The cyber attack on Jaguar Land Rover is estimated to have cost the UK at least £1.9 billion in what is likely to be “the most economically damaging cyber event” for the country.

The month-long shutdown of internal systems and production at JLR affected over 5,000 British organisations, according to an analysis by Cyber Monitoring Centre, a non-profit organization that ranks the severity of cyber events in the UK.

“This incident looks to have been by some distance, the single most financially damaging cyber event ever to hit the UK,” said Ciaran Martin, former head of the National Cyber Security Centre and chair of CMC’s technical committee.

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