The British government announced on Sunday that it would be the guarantor of the manufacturer of car Jaguar Land Rover up to 1.5 billion pounds to allow him to unlock funds and recover from a recent cyber attack.
The group said on September 2, having been the victim of computer pirates, causing the suspension of production in its factories in the United Kingdom. On Thursday, he explained that if their computer systems were partially restored, production would remain at least until October 1.
Therefore, London has announced help to the manufacturer through a loan guarantee, which should allow “unlocking up to 1.5 billion pounds (1.7 billion euros) to provide certainty to its supply chain.” This means that a government credit agency will cover the rear of the group on a commercial loan hired with a bank.
“Protect qualified works”
According to Commerce Minister Peter Kyle, this support must make “protect the qualified works”, while the cyber attack has generated delays in payments to the detriment of JLR suppliers. According to the unions, some risked bankruptcy.
IT pirates are increasingly attacking more luxury brands and retail sellers. In the United Kingdom, Marks and Spencer Store, Harrods and Co-Ops channels were one of the objectives.
Source: BFM TV
