COPENHAGEN - The June cyber attack that paralysed the computer systems in companies around the world is estimated to have cost the world’s biggest container shipping line between $200 million (R2.66 billion) and $300m, A P Moller-Maersk said.
The Copenhagen-based group, which was severely affected, says the impact will first be reflected in its third quarter results, as revenue was mainly lost in July.
The company says that the June 27 malware attack was distributed through its Ukrainian accounting software, with back doors into the networks of users. It was contained the next day.
“In the last week of the quarter we were hit by a cyber attack, which mainly impacted Maersk Line, APM Terminals and Damco. Business volumes were negatively affected for a couple of weeks in July,” its chief executive, Soeren Skou, pointed out.