Business

Ransomware cyberattack causes mass disruption in Europe

Ransomware cyberattack causes mass disruption in Europe”

The world's biggest advertising business said a number of its companies had been affected and it was now "assessing the situation".

Experts say this week's cyberattack had a far smaller impact on China than a similar virus in May, which caused widespread disruption.

"We have contained the issue and are working on a technical recovery plan with key IT-partners and global cyber security agencies". We will continue to email you when appropriate and will be updating our Social Media channels regularly.

Earlier this week, business consultancy Deloitte said that "In 2016, energy was the industry second most prone to cyber-attacks, with almost three-quarters of U.S. oil and gas companies experiencing at least one cyber incident".

Russia's Rosneft oil company also reported falling victim to hacking and said it had narrowly avoided major damage, as did Danish shipping giant A.P. Moller-Maersk.

IMO recently imposed cyber risk management and security as part of the ISM Code for shipping. "In fact, many US O&G companies lump cyber risk with other risks such as civil unrest, labor disputes, and weather disruptions; many non-US O&G companies don't mention "cyber" even once in their 100+-page filings".

APM Terminals and Maersk have posted the same statement on their web page and twitter accounts confirming Maersk's "IT systems are down across multiple sites and business units due to a cyber attack". The safety of our employees, our operation and our customers businesses is our top priority.

"The Ministry of Shipping and JNPT are alive to the situation and are taking steps to ensure minimum disturbance to trade, transporters and more importantly, local citizens", the statement said.

"Today we have not taken any new orders to our platforms".

This global cyberattack has hit several private companies such as Merck, AP Moller-Maersk and advertising firm WPP. It added that organizations in Russian Federation and Ukraine were the most affected, and hits were also registered in Poland, Italy, the U.K., Germany, France, the US and several other countries.

"We are investigating the matter and will provide additional information as we learn more".

Bitdefender, a Romanian cyber security company said: "A massive ransomware campaign is now unfolding worldwide". Botezatu said the new program appeared to be almost identical to GoldenEye, itself a variant of a known family of hostage-taking programs known as "Petya".

The Petya virus encrypts its victims' file systems and holds them hostage with a demand for payment to free them.

The company website is no longer open, but the process of oil production the impact hackers could not - in "Rosneft" declared that switched to a backup control system.

More than 200,000 victims in around 150 countries were infected by the WannaCry or Wanna Decryptor ransomware, which originated in the United Kingdom and Spain in May before spreading globally.



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