UK manufacturers face rising hacking risk as survey shows 30% were hit last year
Summary
A survey shows that 30% of UK manufacturers were hit by cyber-attacks last year, either directly or through their supply chains. These attacks caused production delays and increased costs, but only half of the manufacturers have plans to handle such incidents.Key Facts
- Nearly one-third (30%) of British manufacturers faced a cyber-attack in the past 12 months.
- Cyber-attacks caused lost production time and increased expenses for many companies.
- Only about 50% of manufacturers have a plan to respond to cyber-attacks.
- Hackers, some linked to hostile states, have become more skilled and frequent.
- The 2023 cyber-attack on Jaguar Land Rover (JLR) forced production to stop for weeks.
- The JLR hack alone cost the UK economy around £1.9 billion due to lost production.
- Generative AI has increased the risk by enabling some automated hacking attempts.
- Cybercrime costs the UK economy £14.7 billion annually according to the government.
- Other large companies like IMI, Smiths Group, Marks & Spencer, and Harrods have also suffered recent cyber breaches.
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