Chinese Shipping Company Hit by Ransomware Attack

Chinese shipping company Cosco’s electronic communications were disabled after falling victim to a Windows-related ransomware attack.

The attack affected the company’s United States website, email, and phone lines. According to a statement from Cosco, the "local networking breakdown" affected its American region and they have isolated the offices while they investigate. 

According to their Facebook page, the attack didn’t interrupt their shipping operations and they expect a full recovery. 

While there are no current details on the ransom demand, that’s often not the biggest concern after an attack. As we found in Datto’s State of the Channel Ransomware Report, the ransom demand will often pale in comparison to the associated downtime costs and lost revenue when you can't resume normal business operations.

However, there’s still hope for businesses when it comes to preventing ransomware. According to a survey of our partners, BCDR is the most effective ransomware protection.

To find out about ransomware and what MSPs can do to fight back, check out the full report. The report features new stats and forecasts on ransomware and its impact on businesses, the leading variants, best practices for ransomware protection, and more. Download it today!