Jaguar Land Rover’s lack of cyber insurance means it will shoulder the full bill from a damaging cyber attack that could end up costing the carmaker billions in lost revenues and profits, according to three people with knowledge of the situation.
The carmaker has suffered mounting losses after the attack forced it to shut down its systems and UK factories from August 31. Production in the UK may not resume for several months.
The attack has wreaked havoc across JLR’s vast supply chain involving roughly 200,000 workers, sparking emergency meetings between UK government officials and suppliers struggling to meet their payments.
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