News Summary

• The U.K. government has confirmed it will guarantee a commercial bank loan of £1.5 billion ($2 billion) for car-making giant Jaguar Land Rover.
• The government-backed loan will “bolster JLR’s cash reserves so it can support its supply chain which has been greatly impacted by the shutdown.” JLR shut down its network on August 31 after detecting hackers in its system.
• Hackers associated with a financially motivated crime group linked to earlier hacks targeting the U.S. retail sector took credit for the breach.