Jaguar Land Rover Bailout Shows Rising Cost of Cybercrime

Or cost of outsourcing / not having IT competence in your organization?

There were indications that Jaguar used the same outsourced IT org as another large company who has struggled to recover from a wide ranging hacking incident.

https://doublepulsar.com/the-elephant-in-the-biz-outsourcing...

I've had contact with several companies where once outsourced IT competency and security continuity is just out the window ...

Sometimes not even the outsourcing company's "fault" as humans / organizations love to think "oh I don't have to think about that now that I outsourced it" and folks who do worry about the detail then leave (they can't use their skills) and now you got folks in charge who don't even understand what they're agreeing to with their outsourcing company. Other times, it is the outsourcing groups fault ...

> In late August, Jaguar Land Rover was hit by a major cyberattack, which led to it shutting down manufacturing sites across the world. [...] and has likely cost the company hundreds of millions of dollars

> The UK government has agreed to guarantee a £1.5 billion emergency loan to help Jaguar Land Rover pay its suppliers and recover from the disruption. [...] which experts warn could set a risky precedent.

Simple fix - as an entry fee for the emergency loan program, require that the corporation's C-suite give HM Treasury all their bonuses, stock options, & such from the past (say) 5 years. "Just aligning our incentives, chaps. His Maj doesn't hand out gongs for stuffing up."