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Jaguar Land Rover profit collapses after tariffs China slowdown and cyberattack forces electric reboot

Jaguar Land Rover profit collapses after tariffs China slowdown and cyberattack forces electric reboot

Jaguar Land Rover’s nearly wiped-out profit paints a harsh picture for the British luxury automaker. For the 12 months through March, pretax profit fell to just £14 million from £2.5 billion a year earlier, hit by new US tariffs, weaker luxury demand in China, and a cyberattack that halted production for weeks starting last September. While it returned to profit in the latest quarter, JLR is now rebooting with a fully electric lineup, including a new electric Jaguar and Range Rover deliveries later this year.

Summarised by Beize from a story on The Economic Times on 14 May 2026
Ransomware group Nitrogen claims Foxconn breach with 8 terabytes of stolen data

Ransomware group Nitrogen claims Foxconn breach with 8 terabytes of stolen data

Foxconn confirmed a ransomware cyberattack that hit some North American factories. The hacking group Nitrogen claims it exfiltrated more than 11 million files and about eight terabytes of data, potentially including customer details, product schematics, and bank statements. Foxconn says operations are resuming while cybersecurity teams continue investigations and response work.

Summarised by Beize from a story on The Economic Times on 14 May 2026

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Foxconn profit jumps 19 percent as AI server demand surges

Foxconn profit jumps 19 percent as AI server demand surges

Taiwanese tech giant Foxconn reported a 19% quarterly net profit increase, driven by strong AI server demand. The company expects this momentum to continue as customers expand infrastructure. While its North America factories were hit by a cyberattack, Foxconn says operations are resuming normally. It also noted geopolitical risks aren’t affecting its outlook.

Summarised by Beize from a story on The Economic Times on 14 May 2026
Foxconn confirms ransomware attack at North American plants as production slowly restarts

Foxconn confirms ransomware attack at North American plants as production slowly restarts

Foxconn has confirmed a ransomware cyberattack targeting its North American facilities, with production lines disrupted before beginning a gradual return to normal operations. The Nitrogen ransomware group claims it stole large volumes of data, raising concerns that sensitive information tied to major clients like Apple and Google could have been exposed. Foxconn says recovery is underway.

Summarised by Beize from a story on The Economic Times on 13 May 2026
Canvas hack allegedly exposed 275 million student records worldwide in hours

Canvas hack allegedly exposed 275 million student records worldwide in hours

Allegations say hackers accessed around 275 million student records through the Canvas platform, rattling schools and universities across multiple countries. Students and staff reportedly feared exposure of private messages, academic details, emails, and personal data. Experts caution this may be far bigger than a typical school cyber incident and are closely watching whether the breach timeline extends beyond the initial attack.

Summarised by Beize from a story on The Economic Times on 8 May 2026
Canvas cyberattack hits universities globally exposing student data and scrambling course portals

Canvas cyberattack hits universities globally exposing student data and scrambling course portals

A cyberattack on the Canvas learning platform disrupted academic operations at universities across the US, Australia, and Europe. Stanford and Yale, among others, said student data such as names and email addresses may have been exposed. A cybercrime group claimed responsibility, underscoring how vulnerable education systems are to escalating attacks and portal outages.

Summarised by Beize from a story on The Economic Times on 8 May 2026

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ShinyHunters hits Instructure Canvas Pay or Leak attack cripples universities across US

ShinyHunters hits Instructure Canvas Pay or Leak attack cripples universities across US

ShinyHunters has reportedly crippled Instructure’s Canvas learning platform, used by universities including Harvard and Stanford. The group says it stole personal data and private messages and is demanding payment to stop a wider leak. Thousands of students and multiple institutions across the US are affected, raising urgent questions about safeguards in widely used education tech.

Summarised by Beize from a story on The Economic Times on 8 May 2026
Canvas outage hits Harvard Stanford as ShinyHunters demands settlement over stolen student data

Canvas outage hits Harvard Stanford as ShinyHunters demands settlement over stolen student data

A major Canvas platform outage struck leading US universities on May 7, 2026, including Harvard and Stanford, after a cyberattack claimed by ShinyHunters. The group reportedly demanded a settlement to stop the release of stolen student information such as personal details and private messages. For many students, the disruption derailed classes and assignments amid uncertainty about their data.

Summarised by Beize from a story on The Economic Times on 8 May 2026
What happens to WazirX users after USD230 million hack drains nearly half reserves

What happens to WazirX users after USD230 million hack drains nearly half reserves

WazirX, one of India’s largest crypto exchanges, says nearly half of its USD 503 million reserves were wiped out in a cyberattack, wiping away about USD 230 million. The breach raises urgent questions about withdrawals, custody of user assets, and timelines for recovery, leaving investors to navigate uncertainty even as investigations continue.

Summarised by Beize from a story on The Economic Times on 24 Apr 2026
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