NotPetya Attack Costing Organizations Millions in Losses

Some of the largest organizations around the world are reporting hundreds of millions of dollars in losses due to the NotPetya cyber-attack that occurred in late June.

The NotPetya malware outbreak impacted tens of thousands of victims across 65 different countries, targeting massive organizations like the Ukraine’s central bank, WPP, DLA Piper, and AP Moller-Maersk.

While it was originally believed NotPetya was a piece of ransomware, further research found that it’s actually a wiper and it’s unlikely that if a ransom is paid that files are recovered.

AP Moller-Maersk, the Danish shipping giant, estimates the NotPetya attack has cost it between $200 and $300 million. Pharmaceutical manufacturer, Merck, revealed in its second quarter financial summary that a devastating cyber-attack disturbed its global operations, including manufacturing, research, and sales, but did not mention specific number figure in terms of losses.

British consumer goods company, Reckitt Benckiser, estimates the incident could have an impact of $130 million on its revenue. Mondelez International estimates the cost of the attack at just over $150 million in lost sales and incremental expenses.

These are just a few of the organizations that have reported substantial losses due in part to the NotPetya attack. These figures should serve as a warning to organizations who’re still vulnerable to such attacks. NNT suggests implementing a sophisticated Breach and Host Intrusion Detection solution that will forensically evaluate normal operations within your IT systems and applications and alert you of unauthorized or suspicious changes that could be potential malware like NotPetya.

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