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Jaguar Land Rover Hack Inflicts $2.5 Billion Blow to UK Economy, Report Finds

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The cyberattack on Jaguar Land Rover (JLR), owned by India’s Tata Motors (TAMO.NS), has cost the UK economy an estimated £1.9 billion ($2.55 billion) and disrupted more than 5,000 organisations, according to a report published Wednesday by the Cyber Monitoring Centre (CMC).

The CMC, an independent body comprising cybersecurity experts including the former head of Britain’s National Cyber Security Centre, described the August attack as “the most economically damaging cyber event to hit the UK.” Most of the financial fallout, it said, stems from lost manufacturing output across JLR and its suppliers.

JLR was forced to halt production for nearly six weeks, affecting its three UK plants that together produce around 1,000 vehicles per day. The company began resuming operations earlier this month, but analysts estimated losses at roughly £50 million per week during the shutdown.

The British government extended a £1.5 billion loan guarantee in September to help JLR stabilize its supply chain and support affected partners. The CMC warned that total losses could climb higher if production takes longer than expected to return to normal levels.

“This incident highlights the scale of vulnerability in interconnected supply chains,” the CMC said, noting that the breach disrupted not only JLR’s assembly lines but also dealerships and logistics providers.

The attack was classified as a Category 3 systemic event — the third-highest severity level on the CMC’s five-tier scale — due to its widespread economic ripple effects.

The report also placed the incident among a series of major British cyber breaches in 2025, including one at Marks & Spencer (MKS.L) in April that caused an estimated £300 million ($400 million) in losses after shutting down its online platform for two months.

JLR declined to comment on the findings but is expected to release its financial results in November. The CMC report, which is funded by the insurance industry, said the event underscores the growing systemic risk cyberattacks pose to the UK’s industrial and economic stability.

Amazon Restores AWS Cloud After Global Outage Disrupts Major Apps and Businesses

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Amazon (AMZN.O) said its AWS cloud services had fully recovered by Monday afternoon following a massive outage that disrupted businesses and websites worldwide, including major platforms such as Snapchat, Reddit, Venmo, and Zoom. While all core systems were back online, Amazon noted that some AWS services still faced a backlog of messages expected to clear within hours.

The outage, which began earlier in the day, briefly knocked thousands of companies offline across Europe, Asia, and the Americas, halting digital payments, travel bookings, and business operations. It was the largest internet disruption since the CrowdStrike crash of 2024, underscoring the fragility of global cloud infrastructure.

According to Amazon, the failure originated in the US-EAST-1 region — AWS’s oldest and largest data center cluster in northern Virginia, which has suffered similar incidents in 2020 and 2021. The root cause was traced to a malfunction in the subsystem monitoring network health for its Elastic Load Balancers, which distribute web traffic across multiple servers.

AWS explained that the issue began within its EC2 internal network, disrupting the Domain Name System (DNS) used to connect services to their databases, including the DynamoDB API, which stores critical user data.

Experts said the incident exposes the world’s dependence on a few dominant cloud providers. “This outage once again highlights the dependency we have on relatively fragile infrastructures,” said Jake Moore, cybersecurity advisor at ESET. Nishanth Sastry, of the University of Surrey, added that the disruption showed “the risk of relying on just one service provider.”

The outage’s ripple effects hit a wide range of sectors. Financial institutions including Lloyds Bank, Bank of Scotland, and HMRC, as well as telecom firms BT and Vodafone, reported temporary downtime in the UK. In the U.S., Coinbase, Robinhood, Perplexity, and Lyft experienced interruptions, while gaming services like Fortnite, Roblox, and Clash Royale also went dark. Even Amazon’s own Prime Video, Alexa, and shopping platform were affected.

Despite the chaos, Wall Street shrugged off the disruption, sending Amazon shares up 1.6% to $216.48 by market close. Experts estimate that hours of cloud downtime can translate into millions of dollars in lost productivity for large companies, a reminder of the growing risks in the digital economy.

Veeam to Acquire Securiti AI for $1.73 Billion to Strengthen Cloud Data and AI Security

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Veeam Software announced on Tuesday that it will acquire Securiti AI for about $1.73 billion, a major deal aimed at enhancing data protection and governance across cloud and AI applications. The acquisition combines Veeam’s backup and recovery software with Securiti’s Data Command Center, a platform designed to unify, secure, and manage sensitive data spread across multiple cloud environments.

The move positions Veeam to better compete with Rubrik and Commvault Systems, as organizations increasingly demand integrated solutions that address both cybersecurity resilience and AI data governance. With cyberattacks and ransomware incidents on the rise, Veeam aims to strengthen its foothold in the fast-growing market for secure cloud data management.

Following the acquisition, Securiti AI CEO Rehan Jalil will join Veeam as President of Security and AI, reflecting the company’s commitment to embedding data protection more deeply into its products. The deal, expected to close in the fourth quarter, was supported by Morgan Stanley, which advised Securiti AI, while JPMorgan provided financing for Veeam.

Veeam said it will continue to offer Securiti’s flagship Data Command Center while developing new integrated capabilities. The acquisition follows a period of significant valuation growth for Veeam: private equity firm Insight Partners, its largest shareholder, sold a $2 billion stake in 2023, valuing the company at $15 billion, up from its $5 billion acquisition price in 2020.

Veeam’s software is widely used to protect enterprise data from ransomware attacks and accidental loss, offering immutable backups that ensure recovery even when files are encrypted by hackers.