Cyber attacks

[mr.bluesky]

It seems as though these are becoming more frequent lately.  The recent ones effecting Heathrow airport ( a man has just been arrested on suspicion of carrying out these attacks) but a big concern is the one carried out on Jaguar Land Rover which has halted production for a couple of weeks now and still hasn't been resolved. It's costing JLR and it's suppliers millions in lost production and could put some of their suppliers out of business but it just goes to show how over reliant we are on computers now days .

[chrishornx]

It seems as though these are becoming more frequent lately.  The recent ones effecting Heathrow airport ( a man has just been arrested on suspicion of carrying out these attacks) but a big concern is the one carried out on Jaguar Land Rover which has halted production for a couple of weeks now and still hasn't been resolved. It's costing JLR and it's suppliers millions in lost production and could put some of their suppliers out of business but it just goes to show how over reliant we are on computers now days .

you have undercooked the JLR issue as the cost is own the £billions rather than millions with a n estimated £1.3 billion gross profit loss

and the fools weren't insured which is pretty dumb

agree the reliance on computers is too critical

[lewisjones23]

Were Jag offered access back in return for paying a ransom?

[Dipper]

Was probably a disgruntled customer, notoriously crap cars.

[PilotMan]

Lots of businesses are dumb when it comes to Cyber Security.

I asked my Accountant what cyber security he had in place, and when did he have it tested (because we sell Cyber Security).

He said he didn't need to, and wasn't worried about, because he's insured. WTF 

[Jonestown]

I thought Jaguar had stopped production after their disastrous market repositioning advertising campaign caused sales to fall through the floor ?

[Adoniron]

Lots of businesses are dumb when it comes to Cyber Security.

I asked my Accountant what cyber security he had in place, and when did he have it tested (because we sell Cyber Security).

He said he didn't need to, and wasn't worried about, because he's insured. WTF 

I doubt his insurers will be impressed.

[lewisjones23]

I thought Jaguar had stopped production after their disastrous market repositioning advertising campaign caused sales to fall through the floor ?

One great meme out of that was them apparently changing their name to Faguar

[Darren101]

Lots of businesses are dumb when it comes to Cyber Security.

I asked my Accountant what cyber security he had in place, and when did he have it tested (because we sell Cyber Security).

He said he didn't need to, and wasn't worried about, because he's insured. WTF 

Your accountant also risks leaking yours and his other client’s data.     One of the things that these ransomware guys does is extract a big chunk of the data before encrypting it.  They then use that as extra ammo as they threaten to leak the stolen client data if ransom isn’t paid (most companies have backups so can restore the encrypted data anyway so don’t need to pay)


Even with layers of security, companies can still get hacked. Often the weakness are humans. Using social engineering, they trick their way into gaining access to the systems. The Jag hacking has opened eyes , no doubt considering how big the supply chain affected is.  Seems the companies rely too heavily on a single client to keep afloat.

[Jumping Jack Flash]

Shockingly bad management from JLR who by all accounts did not have Cyber Insurance.

[catweazle]

The old classic removal firm Knights of Old went under after a cyber attack. Their systems were hacked thanks to a staff members simple password. They couldn't pay the ransom and folded.

[PilotMan]

The old classic removal firm Knights of Old went under after a cyber attack. Their systems were hacked thanks to a staff members simple password. They couldn't pay the ransom and folded.

The big firms like JLR, Harrods, M&S etc  can most likely weather the storm financially.

It's the SME's who are more likely to collapse due to a number of factors, not least their financial pockets.

I'm surprised by the ignorance of many companies, who think it isn't going to happen to them.

[scutty brown]

I thought Jaguar had stopped production after their disastrous market repositioning advertising campaign caused sales to fall through the floor ?

They were still building Land Rover / Range Rovers. It was just Jaguars which had been stopped.

However the worry now is that even if JLR can overcome this, many of their suppliers are going to go bust because of the lack of cash flow - and that could kill the rest of the UK's car production. Bentley, Aston-Martin for instance are both said to be at risk due to unavailability of parts.

Underlying the whole problem is the suggestion that this isn't in reality a ransom attack: it's actually a disguised attempt by Russia to screw up the British economy. The recent attack on the civil aircraft booking system had a similar aim, as did the air traffic control problems a few weeks back. You're going to see more and more of this as the Russians expand their asymmetric warfare

[MLawro93]

Businesses and people in general cheap out on things that they don't see themselves having immediate use for. Investing in cyber security is like having good insurance. You might never need it in 50 years of business, but if you did, you'd be glad you have it.

I do see the attitude changing slowly, with more investment into the space, but we need to do more, especially for critical infrastructure

[mr.bluesky]

you have undercooked the JLR issue as the cost is own the £billions rather than millions with a n estimated £1.3 billion gross profit loss

and the fools weren't insured which is pretty dumb

agree the reliance on computers is too critical

£50 million a week it is said to be costing JLR which may not be resolved until November.  Meanwhile a lot of small supply chain companies that supply them could go bust before then 

[scutty brown]

apparently the  government are looking at buying the parts and holding them for JLR to keep the suppliers solvent

[chrishornx]

He said he didn't need to, and wasn't worried about, because he's insured. WTF 

he is bullshitting

to have Cyber insurance cover he will have had to put in place various cyber security measures for his company without which cover would not be provided

[chrishornx]

£50 million a week it is said to be costing JLR which may not be resolved until November.  Meanwhile a lot of small supply chain companies that supply them could go bust before then 

with a weekly turnover of over £500m I think it is a bit  more than you suggest

[PilotMan]

he is bullshitting

to have Cyber insurance cover he will have had to put in place various cyber security measures for his company without which cover would not be provided

Exactly.

Many insurers will also want the staff to have had training about cyber awareness; people are the weakest link.

[Darren101]

Good point.  Maybe they have Business Insurance thinking it covers Cyber attacks.  It doesn’t.

Cyber Insurance providers will check you have adequate security in place before agreeing to cover you.

[chrishornx]

Good point.  Maybe they have Business Insurance thinking it covers Cyber attacks.  It doesn’t.
you.

Business Insurance can certainly cover  cyber risks as a specific extensions to a  policy just as a supplier or customer extension can be provided  for risks such as fire 

Alternatively Cyber cover can be purchased as bespoke one off cover on a separate policy which would be more appropriate for bigger more complex risks like JLR

For a small copany with maybe less than 100 employees Cyber cover will just be an extension clause on an commercial combined policy

[mr.bluesky]

with a weekly turnover of over £500m I think it is a bit  more than you suggest

That was the figure quoted on the one o clock news today.

[chrishornx]

That was the figure quoted on the one o clock news today.

well the last quarterly turnover figure published on the JLR website, the FT and other websites quotes it at £6.6 billion (down 9% + on last year due to tariffs)  for the 3 months ending 30/6/25, so it depends on which figure you accept as being right

not sure why the JLR website would over exaggerate turnover so much if not true

External Link/Members Only

[PilotMan]

That was the figure quoted on the one o clock news today.

Did someone in the news centre leave a nought off of when doing the calcs 

[mr.bluesky]

Did someone in the news centre leave a nought off of when doing the calcs 

Hidden Image/Members Only

 Perhaps you and chrishornx ought to take it up with the BBC.

[DastardlyDick]

he is bullshitting

to have Cyber insurance cover he will have had to put in place various cyber security measures for his company without which cover would not be provided

He's probably got some outside firm to do it for him - just another cost of doing business.