Jaguar Land Rover to bear full cost of cyber attack given lack of insurance

14 comments

1. I’m sure this will leave them with “no choice but to cease operations at our UK facilities” until, of course, the taxpayer bails them out of the billions they’ve lost through sheer incompetence.

2. > A person close to Lockton disputed the claim that discussions were ongoing, saying that the Tata Motors-owned company had declined cyber-specific cover.

   Welp…..if it’s true then that’s turned out to be a *very* expensive bit of cost cutting.

   Although of course insurance companies are great at finding ways not to pay, especially for cyber insurance policies.

3. ‘We have full confidence in our IT subsidiary TCS’ a Tata exec probably.

4. >UK retailer Marks and Spencer [had doubled](https://www.ft.com/content/723b6195-1ce7-4b5f-94f5-729e9152c578) its cyber insurance cover last year and is expected to recover some of the costs from a devastating cyber attack in April.

   Seems like these policies are fairly pointless if they’re only covering some costs.

5. Jesus Christ I picked the worst time to buy a Jaguar!

6. That’s funny, because I had heard the opposite, that they were getting ready to buy the policy when the attack happened. 

7. That’s what you get for outsourcing your IT department to India to cost cuts

8. I know someone who works for a supplier to jlr. Word on the street it’s costing jlr a fuck ton more a day than has been let on. It’s really, really bad apparently.

9. Doesn’t invest in proper IT infrastructure, training or even insurance. Gets hit by an attack. Will end up getting taxpayer bail out that will likely ever be paid back.

   Corporate welfare is bullshit. Privatise the profit, socialise the losses.

10. Chinese strategy to now flood the UK market with premium budget SUVs

11. For a large business seemingly exposed on the digital security front… you would have thought insurance would be a given

    It’s like driving a land rover without car insurance with your fingers crossed you’ll never need it… even jlr owners know better

12. I’m sure somehow the taxpayer will end up having to bail out this normally hugely profitable private company due to their cost saving measure on IT security

13. Bail them out, then prosecute the fuck out of the SLT for Wilful Malfeasance/Corporate Fraud

14. I’ve heard that the vulnerability came from an unpatched version of SAP. TCS is the one looking after these updates.

    I can’t read the article but if TATA doesn’t own part of the blow that is fkd.

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