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Report Links Russian Hackers To Jaguar Land Rover Cyberattack

A cyberattack on Jaguar Land Rover that disrupted production for months is now being linked to Russian hackers, according to a report by The New York Times citing people familiar with the investigation. The breach is estimated to have cost the British economy $2.5 billion and prompted the U.K. government to back a £1.5 billion loan guarantee for the automaker.

Pressure On A Strategic National Asset

Jaguar Land Rover is one of the United Kingdom’s largest manufacturers and employers. The cyberattack disrupted production for months, affecting the company’s operations and wider supply chain.

New Reporting Points To Russian Actors

For months, the identity of the attackers remained unknown. People familiar with the investigation told The New York Times that the hackers behind the breach were Russian. Whether they acted on behalf of the Russian government, operated independently or worked with tacit state support remains unclear.

An Investigation Involving Multiple Agencies

Microsoft identified the Russian hacking group and alerted Jaguar Land Rover, The New York Times reported. Authorities and cybersecurity firms involved in the investigation included the FBI, the U.K.’s National Crime Agency, the National Cyber Security Centre, Google’s Mandiant and Palo Alto Networks.

A Second Intruder Complicates The Investigation

The report also said a Jordanian hacker known as Rey gained access to parts of Jaguar Land Rover’s network, adding another layer to the investigation into the breach.

Eurobank Wins Two Euromoney Awards Following Cyprus Merger

Eurobank has been named Cyprus’ Best Bank for 2026 by Euromoney, while also receiving the award for Best Bank for Large Corporates at the publication’s latest Awards for Excellence.

Merger Marks A Milestone

The awards recognise the bank’s performance during 2025, a year marked by the completion of the legal merger between Hellenic Bank and Eurobank Cyprus. The transaction created Eurobank Limited, which the group says is now Cyprus’ largest banking and insurance organisation, with assets exceeding €28 billion.

Euromoney’s Awards for Excellence evaluate banks’ performance over the previous calendar year, with this edition covering January 1 to December 31, 2025.

Lending, Customers And Digital Growth

Eurobank said its business lending portfolio expanded by around 17 per cent during 2025, while its customer base grew to more than 710,000 retail clients and 11,500 business customers.

The bank also continued its digital expansion, saying more than 96 per cent of transactions are now completed through digital channels, and most financing applications are submitted via its mobile app.

Expanding International Presence

Eurobank also highlighted the opening of its first representative office in India, describing the move as a step toward strengthening business links between Cyprus and India while supporting Cyprus’ role as a gateway to the European Union for Indian businesses and investors.

According to the bank, Euromoney recognised not only the successful completion of the merger but also its lending growth, digital transformation and contribution to Cyprus’ position as an international business and investment hub.

CEO On The Awards

“The Euromoney awards confirm Eurobank’s strong momentum and the successful implementation of our group’s strategy in Cyprus,” Chief Executive Michalis Louis said.

He said the merger strengthened the bank’s ability to support households, businesses and the wider economy, while highlighting continued investment in digital services and the opening of the representative office in India as key milestones during the year.

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