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Jaguar Land Rover back in action after major cyberattack
Business
Jaguar Land Rover (JLR), owned by Tata Motors, is building cars again in the UK after a six-week pause caused by a cyberattack.
The hack hit their three main factories in early September, stopping production of around 1,000 cars a day.
JLR slowly restarted operations in October once their systems were secured.
How the attack hit JLR and beyond
The shutdown cost JLR £196 million ($263 million) last quarter and led to big drops—24% in wholesale sales and 17% in retail sales compared to last year.
To keep things afloat, they turned to supplier financing during the downtime.
The ripple effects were felt across the UK economy too, slowing growth for the whole country.
On the bright side, while some internal data was compromised, customer info stayed safe.