Skip Header
Important information: The value of investments can go down as well as up so you may get back less than you invest. Investors should note that the views expressed may no longer be current and may have already been acted upon. This is a third-party news feed and may not reflect Fidelity’s views.

JLR confirms some data compromised in cyberattack

(Sharecast News) - Jaguar Land Rover confirmed Wednesday that data was compromised in the cyberattack which forced it to shut down operations last week, with production at UK and overseas plants expected to remain suspended until at least Monday. Britain's biggest carmaker said Wednesday that its forensic investigation, supported by external cybersecurity specialists, had determined that "some data has been affected" and that regulators had been notified.

The company said it would contact any individuals if their information was found to be impacted but has not specified what type of data was accessed.

The attack, first detected last Tuesday, led JLR to halt production and send workers home.

Factories in the Midlands, Merseyside and abroad remain closed, and suppliers have also been disrupted, with some unable to access systems used for sourcing spare parts or registering vehicles.

Retail sales and service operations, however, continue to function normally.

JLR apologised for the ongoing disruption and pledged to provide further updates as its investigation progresses.

It was also due to brief MPs representing constituencies with production facilities later this week.

The hacking group known as Scattered Spider had claimed responsibility for the incident, posting screenshots purporting to show JLR's internal IT systems.

The group was previously linked to cyberattacks on UK retailers including Marks & Spencer.

Four people were arrested earlier this year in related attacks.

The breach marked one of the most serious cyber incidents faced by the Tata-owned manufacturer in recent years, with analysts warning that the financial and operational costs could be significant if systems remained offline for weeks.

Reporting by Josh White for Sharecast.com.

Share this article

Related Sharecast Articles

GSK gets preliminary nod for two respiratory drugs in Europe
(Sharecast News) - GSK said on Friday afternoon that two of its respiratory medicines had received positive opinions from the European Medicines Agency's Committee for Medicinal Products for Human Use, bringing the company closer to potential approvals across severe asthma, chronic rhinosinusitis with nasal polyps and chronic obstructive pulmonary disease.
Shore Capital hails improved US biotech funding environment for hVIVO
(Sharecast News) - Shares in AIM-listed hVIVO were continuing their recent surge on the back of encouraging signs from the US biotech market, which broker Shore Capital said has created a "much more favourable environment" for the company.
Weir to buy remaining 50% stake in Chile JV ESEL for £56m
(Sharecast News) - Weir said on Friday that it has agreed to buy the remaining 50% share of its Chile-based joint venture ESEL for a sterling equivalent purchase price of £56m.
Jefferies downgrades Whitbread, upgrades IHG
(Sharecast News) - Jefferies downgraded Whitbread to 'hold' from 'buy' on Friday as it applied the reverse upgrade to InterContinental Hotels.

Important information: This information is not a personal recommendation for any particular investment. If you are unsure about the suitability of an investment you should speak to one of Fidelity’s advisers or an authorised financial adviser of your choice. When you are thinking about investing in shares, it’s generally a good idea to consider holding them alongside other investments in a diversified portfolio of assets. Past performance is not a reliable indicator of future returns.

Award-winning online share dealing

Search, compare and select from thousands of shares.

Expert insights into investing your money

Our team of experts explore the world of share dealing.