Three major UK companies (Co-op Group, Marks & Spencer, and Jaguar Land Rover) suffered costly ransomware attacks after outsourcing critical IT and cybersecurity functions to TCS. Combined losses approach £1 billion, with JLR's manufacturing shutdown potentially requiring government intervention to support affected suppliers. The analysis explores how cost-cutting through outsourcing creates systemic economic risks, as MSPs become attractive targets due to their shared infrastructure and lower security standards. The piece argues for policy changes including ransom payment bans and stronger cyber resilience requirements for large organizations.
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UK's Co-operative Group to centralise IT teams across various divisions, warns redundancies…M&S outsources half of its tech jobsTCS deny everythingGet Kevin Beaumont’s stories in your inboxAre MSPs bad?Incentives are brokenM&S attacks could be the key to winning new cyber businessData protectionAgreeing with Kevin Beaumont on Jaguar Land Rover hack | Ciaran Martin posted on the topic |…What I think the UK government should doSort: