New Delhi. The UK Government has given great support to Jaguar Land Rover, owned by Tata Motors. The company’s production has come to a standstill for several days due to the recent serious cyber attacks. Now the government has announced to give a loan guarantee of up to 1.5 billion pounds so that the JLR supply chain gets strengthened and thousands of jobs do not face any crisis. This loan will be given by a commercial bank, which will support the UK Government (DBT) of the UK Government under its Export Development Guarantee (EDG). This loan will have to be repaid in 5 years.
Jobs and industry security
UK Business and Trade Secretary Peter Kyle described it as an essential step. He said that this cyber attacks were not only on a prestigious British brand, but also on our world-level automotive sector and the livelihood of men and women associated. He stressed that this guarantee will provide protection to West Midlands, Mercesis and the entire UK. Chancellor Rachel Reeves described JLR as the “gem” of the economy and said that this step will save thousands of jobs.
JLR started work
JLR recently reported that it has resumed some of its digital systems in a controlled and phased manner. The company has greatly increased its invoice processing capacity to remove the delay in payment to the suppliers.
The Global Parts Logistics Center of the company is also returning to work with full capacity. This will make it easier to get parts of customers’ vehicles worldwide. JLR teams are working round the clock with cyber security experts and National Cyber Security Center (NCSC) of the Government of UK so that everything returns to track safely.
Who is behind the attack?
JLR is one of Britain’s largest exporters, with 34,000 employees in the UK operations directly and about 1,20,000 people are involved in its supply chain. It is believed that a group named Scatted Lapsus $ Hunters is believed to be behind this attack. The same group has earlier done cyber attacks on big retailers like Marks & Spencer and Co-Op. Recently, there was an attack on the famous London store Harrods in which customer data theft was feared.