Cosco Reports Cyberattack at its U.S. Operations

On 25 July 2018, Chinese shipping conglomerate Cosco reported that its American shoreside operations have been hit by a ransomware cyber attack.

The incident occurred Tuesday, and it affected the firm’s email and phone systems at a selection of sites in the United States, including its Pier J Terminal at the Port of Long Beach. Cosco said in a statement that its vessel operations and its business systems are performing properly.

Except for above regions affected by the network problem, the business operation within all other regions will be recovered very soon. The business operations in the affected regions are still being carried out, and we are trying best to make a full and quick recovery. We will keep you updated of the latest progress through various channels,” Cosco said in a notice to customers.

We are glad to inform you that we have taken effective measures. Except for above regions affected by the network problem, the business operation within all other regions will be recovered very soon. The business operations in the affected regions are still being carried out, and we are trying best to make a full and quick recovery. We will keep you updated of the latest progress through various channels,” the company said.

As of 26 July 2018 evening, the website for Cosco’s U.S. division was still down.

The attack on Cosco does not yet appear to have the same degree of impact as the Not-Petya ransomware incident at Maersk Lines and Maersk’s APM Terminals division last year. The leading maritime logistics firm needed nearly one month to restore all of its customer-facing electronic services after the attack, and the total financial impact was estimated at about $300 million.

“Not-Petya” was far from the only recent attack on a maritime firm. Maersk’s Svitzer subsidiary suffered an attack on the email system at its Australian division last May, and the security breach continued undiscovered for nearly 10 months. Last November, leading British shipping services firm Clarkson reported a cyberattack via a single employee user account, which required the firm to notify affected customers.

Source: Maritime Executive

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