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JLR financial results published this week show a fall in profits from £2.5bn to £14mn in a year.
Head winds that JLR could not predict, such as US import tariffs, and a cyber attack that created immediate operational disruption and imposed substantial unforeseen damages, have had a significant impact on JLR’s profits.
US Tarriffs that affected Luxury cars, supply was stopped by the August 2025 cyber attack, and strong competition from Chinese manufacturers all had an impact on JLR’s profits. The costs of the cyber attack have been estimated at £1.9bn, with the company spending around £2.2bn on the attack and a new product launch. Both are eating into cash reserves.
Cyber attacks are an expensive business. Cyber insurance, while important is not cover the whole risk, and as demonstrated by JLR, risk is being transferred onto the balance sheet as companies start to feel the enterprise-wide cost of a cyber attack.
Going forward, organisations will have to consider the offensive and defensive impact of AI-generated cyberattacks, as demonstrated by Mythos.
@Thaddeus Dziekanowski Brian D. McCarthy
@Parava Security Solutions
#cybersecurity #artificalintelligence
https://lnkd.in/etmx-yDF
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