Ransomware Attack Strikes COSCO’s US Shipping Services

This article is about a recent network breakdown that has impacted the services of COSCO (China Ocean Shipping Company). On the 24th of July, an unknown ransomware virus has impacted the American part of the COSCO shipping lines. The company is the fourth largest provider of international container shipping services and is still having issues with fully recovering local email and telecommunications network.

Initial Occurrence of COSCO Operations Halt

Tuesday, July 24th, shipping conglomerate COSCO started having trouble with their electronic communications as they have been slowed down due to a cyberattack. Canada, Panama and Brazil are among the affected locations, including the Port of Long Beach, Los Angelis in the USA. Local email, network telephone and COSCO‘s US website are all out of order.

On the next day, the shipping corporation makes a statement about the attack, while assuring customers that other regions are outside the scope of the problem and communications between those regions and American-based ones have been cut off as a precautionary measure:

“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.”

COSCO has also said in the statement: “except for above regions affected by the network problem, the business operation within all other regions will be recovered very soon.

Communication with the American offices is available, although at a slower pace, using normal phones and “hard-copy transmissions.”

COSCO’s Progress on American Network Issue

A recent announcement made today, on the 26th of July, states:

“With the reliable confirmation from the technical experts that the networks in all other regions are secure, the network applications (Read more...)

*** This is a Security Bloggers Network syndicated blog from How to, Technology and PC Security Forum | SensorsTechForum.com authored by Tsetso Mihailov. Read the original post at: https://sensorstechforum.com/ransomware-attack-strikes-coscos-us-shipping-services/