Like the predatory panther of Central and South America, a crippling cyberattack can eat up a company’s face budget. The maker of Jaguar—we’re talking about the car, now—is learning that the hard way.
UK-based Jaguar Land Rover recently announced that it won’t be able to restart production until Wednesday, Oct. 1, following a cyber incident, after initially estimating back on Sept. 16 that its facilities would be up and running by Sept. 24.
“Our teams continue to work around the clock alongside cybersecurity specialists, the [National Cyber Security Centre] and law enforcement to ensure we restart in a safe and secure manner,” the company stated on its website.
JLR hasn’t been able to make vehicles since the late August cyberattack led the OEM to shut off its IT networks, according to the BBC. The news outlet also reported “fears are growing that some of its suppliers could go bust without support.”
The JLR incident is just “one of several cyber and ransomware attacks” impacting European hospitals, charitable groups, and airports, the New York Times reported. The Times noted that the recent incidents across the pond have been expensive. A major British retailer, for instance, was hit in April by a cyberattack that would ultimately result in about $405 million in lost profits this year.
Cybersecurity isn’t just an IT issue anymore. Companies stand to lose a lot from cyberattacks, making cybersecurity an executive- and boardroom-level issue.
Cyber risks are as widespread as the jaguar’s multicontinental habitat range. The CrowdStrike outage last year was not from a malicious actor but an update gone awry, yet still caused global business interruption. An emerging threat is third-party cyber risk, since attacks on vendors have shown to create costly disruptions to customers. A Deloitte and Center for Audit Quality survey earlier this year found cybersecurity to be the top priority for audit committees.
Recent research by cyber insurance company Resilience found that cyber claims in its portfolio were down 53% YoY in the first half of 2025, but claims from ransomware attacks were 20% more expensive.
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