Ransomware attack disrupted some systems of the shipping giant COSCO in the US

The Chinese shipping giant COSCO was reportedly hit by a ransomware based attack, the attack occurred in the American region.

According to COSCO a “local network breakdown” disrupted some systems in the United States.

Media confirmed the incident was the result of a ransomware attack and quoted a company spokesman as the source.

“The China Ocean Shipping Co. Terminal at the Port of Long Beach was hit by a cyberattack on Tuesday, July 24.” states local media.

“A spokesman for the Shanghai-based company, which acknowledged the ransomware attack Tuesday, said that the company’s operations outside the United States were not affected.”

The shipping company quickly isolates the systems to avoid propagation to other regions and started an internal investigation, the firm confirmed that the incident did not affect operations of the fleet.

“Due to local network breakdown within our America regions, local email and network telephone cannot work properly at the moment. For safety precautions, we have shut down the connections with other regions for further investigations.” reads the security advisory published by COSCO.

“So far, all vessels of our company are operating normally, and our main business operation systems are stable. We are glad to inform you that we have taken effective measures and aside from the Americas region, the business operation within all other regions will be recovered very soon. The business operations in the Americas are still being carried out, and we are trying our best to make a full and quick recovery,”

The Journal of Commerce, citing COSCO Vice President Howard Finkel, reported communications between the carrier’s U.S. operations and its customers has been slowed due to the cyber attack. Digital communications were disrupted and the communications were going on via telephone.

Port of Long Beach spokesman Lee Peterson confirmed the attack and added that it is monitoring the situation.

The good news is that the attack doesn’t appear severe as the NotPetya attack that hit shipping giant Maersk in August 2017.

According to the second quarter earnings report, there were expecting losses between $200 million and $300 million due to “significant business interruption” because the company was forced to temporarily halt critical systems infected with the ransomware.

Møller-Maersk chair Jim Hagemann Snabe during a speech at the World Economic Forum explained that the attack forced the IT staff to reinstall “4,000 new servers, 45,000 new PCs, and 2,500 applications,” practically “a complete infrastructure.”

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Pierluigi Paganini

(Securi ty Affairs – COSCO, Ransomware)

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Pierluigi Paganini

Pierluigi Paganini is member of the ENISA (European Union Agency for Network and Information Security) Threat Landscape Stakeholder Group and Cyber G7 Group, he is also a Security Evangelist, Security Analyst and Freelance Writer. Editor-in-Chief at "Cyber Defense Magazine", Pierluigi is a cyber security expert with over 20 years experience in the field, he is Certified Ethical Hacker at EC Council in London. The passion for writing and a strong belief that security is founded on sharing and awareness led Pierluigi to find the security blog "Security Affairs" recently named a Top National Security Resource for US. Pierluigi is a member of the "The Hacker News" team and he is a writer for some major publications in the field such as Cyber War Zone, ICTTF, Infosec Island, Infosec Institute, The Hacker News Magazine and for many other Security magazines. Author of the Books "The Deep Dark Web" and “Digital Virtual Currency and Bitcoin”.