Maersk may lose up to $300M due to NotPetya attack
The world’s largest container shipping company, A.P. Moller-Maersk, has said that it expects as much as a $300 million dip in profits due to a June 27 ransomware incident, the firm noted in a public report released Wednesday. Maersk executives said they expected losses of between $200 million and $300 million — which will be reflected in the next earnings report — because of a “significant business interruption” caused by the spread of a ransomware variant known as NotPetya inside corporate networks. The disclosure was attached to Maersk’s second-quarter earnings report. Public companies are required to publicly update their investors on the state of the business once every fiscal quarter. While NotPetya was engineered to look like ordinary ransomware, the virus held hidden code that would delete files on an infected computer. Ransomware is not typically designed to be destructive. In most cases, ransomware operators hope to encrypt files on […]
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