UK govt backs JLR with £1.5 billion loan guarantee after cyberattack

Source: BleepingComputer

In response to a recent catastrophic cyberattack, the UK Government is providing Jaguar Land Rover with a substantial £1.5 billion loan guarantee. This funding is essential for JLR to restore its production capabilities that were severely impacted, halting manufacturing activities. The financial backing underscores the government’s commitment to supporting key industries in times of crisis, particularly with the increasing frequency of cyber threats.

The implications of this assistance are significant, not only for JLR but also for the automotive sector as a whole. Recovery from cyberattacks can be complex and prolonged, often leading to supply chain disruptions and financial strain. Moreover, this incident raises awareness about the vulnerabilities that businesses face in today’s digital landscape, emphasizing the need for enhanced cybersecurity measures across all industries.

👉 Pročitaj original: BleepingComputer