“NotPetya” Ransomware Attack Cost Shipping Giant Maersk $300,000,000

Large and small businesses can be victims of cyber attacks. This past summer has seen several very large attacks that caused massive financial losses.

The world’s largest container shipping business revealed the losses it suffered after getting hit by the “NotPetya” ransomware outbreak, and the results aren’t pretty.

The malware surfaced in Ukraine in June 2017 after being spread by a malicious update to MeDoc, the country’s most popular accounting software. Maersk picked up an infection that hooked into its global network and shut down the shipping company, forcing it to halt operations at 76 port terminals around the world.