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Jaguar Land Rover was not insured for cyber attack, journal claims
Jaguar Land Rover lacked cyber insurance during the attack that halted production for over a month, risking hundreds of millions in losses and threatening 200,000 supply chain jobs.
- Jaguar Land Rover suffered a cyberattack on September 2 that halted production and forced thousands of workers home in the UK.
- The attack took place before JLR had completed finalizing a cyber-insurance policy, meaning the company did not have active coverage to protect against the resulting losses.
- Jaguar Land Rover has implemented a temporary digital payment solution to release £300 million owed to suppliers, focusing on smaller vendors who are struggling with cash flow and potential job cuts.
- Industry minister Chris McDonald stated he was "supremely confident" JLR would recover, while unions urge urgent government support including a furlough scheme.
- The shutdown may last weeks or months, threatening around 200,000 supply chain jobs and prompting government plans to stockpile parts and consider loans to suppliers.
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Jaguar Land Rover reportedly 'did not have' cyber insurance before hack - Latest From ITV News
Watch the latest from ITV News - Jaguar Land Rover reportedly 'did not have' cyber insurance before a hack which forced factory closures leading to potential government intervention.
·London, United Kingdom
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'What Is TCS Function?' UK Commerce Panel Questions Indian IT Main Amid JLR Cyber Assault Row
Indian IT big Tata Consultancy Providers Ltd. has been pushed to the highlight after a string of recent cyber assaults on the Tata group’s UK-based luxurious automotive arm Jaguar Land Rover. Citing media reviews executed by BBC and The Monetary Occasions, Enterprise and Commerce Committee UK wrote to TCS in relation to the continuing cyber security incident at JLR and former incidents at M&S and Co-op and despatched a listing of pointed questio…
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Leaning Left0Leaning Right1Center4Last UpdatedBias Distribution80% Center
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80% Center
C 80%
R 20%
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