Jaguar Land Rover’s retail and production activities have been “severely disrupted” following a cybersecurity
incident, the British luxury carmaker said on Tuesday, adding that it was working to restart its operations in a controlled manner.
The company, owned by India’s Tata Motors, said it had not found any evidence at this stage that any customer data
had been stolen after it shut down its systems to mitigate impact. It did not provide further details.
Tata Motors did not immediately respond to a Reuters request for comment.
The disruption adds to JLR’s woes after a report in July said it ha
d delayed the launch of its electric Range Rover and Jaguar models for more testing and for demand to pick up.
The automaker is the latest British company to be hit by a cyber se
curity incident in recent months amid a surge in cyber and ransomware attacks globally, as increasingly sophisticat
d threat actors disrupt operations and compromise sensitive data.
Last month, British retailer M&S resumed taking click and collect
orders for clothing after a nearly four-month hiatus following a cyb
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er hack and data theft. Hackers also attempted to break into retailer Co-op Group‘s 42TE.L systems in April.
(Reporting by Pushkala Aripaka in Bengaluru; Editing by Tasim Zahid and Sahal Muhammed)
Swiss Re AG has set up a task force to see how the tariffs instal
led by the United States against Switzerland and other countries is impact
ing the Zurich-based reinsurer.
Chief Executive Officer Andreas Berger said he doesn’t see the tariffs directly affecting the reinsurance indu
stry, but the task force aims to find out how there are indirect impacts from the levies.
“For instance, are the costs for losses going up because repairs are being more expensive in the future et cetera
these things we monitor very closely,” Berger said in a Bloomberg TV interview
on Thursday. “What we do is apply strategic patience,” he said.
Swiss Re reported half-year results on Thursday beating expectation
s of analysts. The reinsurer’s property and casualty division helped to boost the results.