During the summer of 2017, global shipping company A.P. Moller-Maersk became the victim of a cyberattack caused by the NotPetya malware, which also affected many other organizations around the world. The fallout was significant, with the company reporting a profit loss of $1.5 billion for the third quarter of 2017, which it partly attributed to the cost of the major cyberattack. Other business costs followed, with Maersk having to reinstall and replace thousands of hardware that were impacted by the ransomware. At that time, the company projected that the cyberattack would cause losses of up to $300 million due to “serious business interruption.”
Then in November 2019, marine services provider James Fisher and Sons (JFS) told investors that hackers had managed to breach its computer systems. The incident caused shares in the company to fall by 5.7%.
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