Ransomware Attack Cripples Cosco Shipping Network – Report

A shipping giant is likely to run up in millions of dollars of additional costs after a ransomware attack apparently crippled its US network.

The attack was against COSCO (China Ocean Shipping Company), which is a Chinese owned shipping giant.

It comes after its larger shipping rival Maersk admitted in August 2017 that its operations had been impacted by the NotPetya ransomware attack. Indeed, so serious was that particular attack, that Maersk said it suffered between $200m to 300m financial loses as a result.

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Source: Silicon