The hack of Jaguar Land Rover, owned by India’s Tata Motors, cost the British economy an estimated 1.9 billion pounds ($2.55 billion) and affected over 5,000 organisations, an independent cybersecurity body said in a report published on Wednesday.
The report was produced by the Cyber Monitoring Centre, an independent, not for profit organisation 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 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.
