View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Technology
  2. Cybersecurity
July 27, 2018updated 30 Jul 2018 9:16am

COSCO Ransomware Spreads, Hazardous Cargo Bookings Cancelled

Canada, Argentina among those affected; hazardous bookings cancelled; company resorts to Yahoo! email

By CBR Staff Writer

Chinese shipping giant COSCO said a ransomware attack has spread beyond its US network to the broader Americas, including Argentina, Brazil, Canada, Chile, Panama, Peru, and Uruguay.

That’s according to maritime intelligence house Lloyds List, which has reported that customers were also said to be facing issues in the UK and Turkey.

The attack on the world’s largest shipping company by dry weight tonnage has taken out emails and phones, forcing it to publish a list of alternative Yahoo! email addresses.

Switches to Yahoo! No Hazardous Bookings

In a separate statement on Thursday, COSCO said it had taken proactive measures to isolate internal networks to carry out technical inspections on a global scale, adding that affected network applications beyond the Americas had been recovered on Wednesday afternoon.

An FAQ advisory for customers published on COSCO’s website said that all vessels were operating normally and that bookings were still being taken (via Yahoo! email and its https://elines.coscoshipping.com/ebusiness website) with the caveat that it could no longer take specialist or hazardous cargoes.

“We regret to inform you that we will temporarily suspend taking HAZ and OOG booking during the network breakdown period”, it said though, referring to hazardous cargoes and “out of gauge” or non-standard sized cargoes.

Maritime cybersecurity specialists Naval Dome told IHS Fairplay: “Although COSCO has been quick to respond to this hack, the virus may have been dormant for some time, so I would not be surprised if other systems – shore- and ship-based systems – have been breached. We strongly recommend to whoever discovered the attack to thoroughly verify the breach has been contained and has not infected any ships in the COSCO fleet.”

Content from our partners
An evolving cybersecurity landscape calls for multi-layered defence strategies
Powering AI’s potential: turning promise into reality
Unlocking growth through hybrid cloud: 5 key takeaways

COSCO Ransomware: Lessons from Maersk?

No detail has leaked yet on the form of the COSCO ransomware, but the attack comes a year after Maersk Line suffered a NotPetya ransomware attack that cost the Danish carrier up to $300 million.

That attack forced the shipping company to install a completely new IT environment, reverting to manual processes for 10 days in the outright absence of global IT systems.

AP Moller-Maersk’s chairman Jim Hagemann Snabe, revealed the full extent of damage caused by the infection at the World Economic Forum in Switzerland earlier this year.

“We basically found that we had to reinstall an entire infrastructure,” Snabe said.

“We had to install 4000 new servers, 45,000 new PCs, 2500 applications, and that was done in a heroic effort over 10 days.”

One can only hope that COSCO has a robust, air gapped back-up facility.

Websites in our network
Select and enter your corporate email address Tech Monitor's research, insight and analysis examines the frontiers of digital transformation to help tech leaders navigate the future. Our Changelog newsletter delivers our best work to your inbox every week.
  • CIO
  • CTO
  • CISO
  • CSO
  • CFO
  • CDO
  • CEO
  • Architect Founder
  • MD
  • Director
  • Manager
  • Other
Visit our privacy policy for more information about our services, how Progressive Media Investments may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.
THANK YOU