Jaguar Land Rover supply chain firms could get government support after cyber attack disruption
Government may step in to support UK car maker amid cyber attack
- Jaguar Land Rover's production has been halted since August due to a cyber attack, with manufacturing not expected to resume until October at the earliest.
- The government is exploring options to support JLR's supply chain businesses, some of which are at risk of viability, though a Covid-style furlough scheme is not considered viable.
- JLR reportedly lacked cyber insurance before the attack, meaning it may have to cover significant losses, estimated at £50m per week in lost production.
- Ministers have urged JLR, which has a cash balance of over £3bn and is backed by the wealthy Tata Group, to support its supply chain and protect jobs.
- The incident has been described as a 'wake-up call' for British industry regarding cyber security, highlighting the vulnerability of companies to such attacks.