Jaguar Land Rover is extending the closure of its factories until at least Wednesday following a cyberattack in early September that has left its operations paralysed and smaller suppliers struggling.
The Irish Times is reporting that the luxury carmaker, owned by India’s Tata Motors, has three factories in Britain, which together produce about 1,000 cars per day. The company is losing £50 million a week, with many of its 33,000 staff told to stay at home.
The breach highlights the vulnerability of global businesses and government departments to increasingly sophisticated and more frequent cyber and ransom attacks, affecting sectors from healthcare and defence to finance and retail. No details have been released about who might be behind the attack on JLR.
The automaker failed to finalise a cyber insurance deal brokered by Lockton ahead of the incident, and appears to be uninsured directly for the attack, three senior cyber insurance market sources told The Insurer. JLR declined to comment.
UK business minister Peter Kyle visited JLR on Tuesday and talked to companies in its supply chain about how the government can help.
“We have two priorities – helping Jaguar Land Rover get back up and running as soon as possible and the long-term health of the supply chain,” said Chris McDonald, minister for industry.
(Pic: JLR)
