World's biggest shipping company counts cost of cyberattack - KAUZ-TV: Newschannel 6 Now | Wichita Falls, TX

World's biggest shipping company counts cost of cyberattack

COPENHAGEN, Denmark (AP) - The world's biggest shipping company, Denmark's A.P. Moller-Maersk, has fallen to a quarterly loss due partly to the cost of a cyberattack.

The Copenhagen-based group reported Tuesday a $1.5 billion loss for the third quarter, from a profit of $429 million a year earlier. Revenue increased to $8 billion from $7 billion.

The company, which also produces oil, said the cyberattack in June, which mainly affected its shipping unit, Maersk Line, cost the company between $250 million and $300 million.

The group expects "a positive underlying profit" for the full year, up from a loss of $546 million in 2016. It said that excludes the recent acquisition of Hamburg Sud, the German container shipping company.

Shares in the company dropped 5 percent trading to 11,440 kroner.

Copyright 2017 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

  • InternationalMore>>

  • US ending temporary permits for almost 60,000 Haitians

    US ending temporary permits for almost 60,000 Haitians

    Monday, November 20 2017 7:40 PM EST2017-11-21 00:40:54 GMT
    Tuesday, November 21 2017 8:38 AM EST2017-11-21 13:38:16 GMT
    The Trump administration says it is ending a temporary residency permit program that has allowed almost 60,000 citizens from Haiti to live and work in the United States since a 2010 powerful earthquake shook the...
    The Trump administration says it is ending a temporary residency permit program that has allowed almost 60,000 citizens from Haiti to live and work in the United States since a 2010 powerful earthquake shook the Caribbean nation.
  • Bonn climate talks end with progress despite US stance

    Bonn climate talks end with progress despite US stance

    Saturday, November 18 2017 3:59 AM EST2017-11-18 08:59:34 GMT
    Tuesday, November 21 2017 8:37 AM EST2017-11-21 13:37:24 GMT
    Negotiators worked through the night on the technical details of the Paris climate accord before two weeks of global talks on climate change finally ended in Bonn.
    Negotiators worked through the night on the technical details of the Paris climate accord before two weeks of global talks on climate change finally ended in Bonn.
  • UN panel agrees to move ahead with debate on 'killer robots'

    UN panel agrees to move ahead with debate on 'killer robots'

    Friday, November 17 2017 1:09 PM EST2017-11-17 18:09:04 GMT
    Tuesday, November 21 2017 8:37 AM EST2017-11-21 13:37:12 GMT

    A U.N. panel is moving ahead with efforts to define and possibly set limits on weapons that can kill without human involvement, but not as quickly as some human rights groups and other opponents think is necessary...

    A U.N. panel is moving ahead with efforts to define and possibly set limits on weapons that can kill without human involvement, but not as quickly as some human rights groups and other opponents think is necessary to keep up with technological advances.

  • Cyber crimeMore>>

  • Britain's cyber security chief warns of Russian interference

    Britain's cyber security chief warns of Russian interference

    Wednesday, November 15 2017 7:08 AM EST2017-11-15 12:08:09 GMT
    Thursday, November 16 2017 8:45 PM EST2017-11-17 01:45:50 GMT
    Britain's Cyber security chief is warning that Russian hackers are targeting telecoms, media and the UK energy network.
    Britain's Cyber security chief is warning that Russian hackers are targeting telecoms, media and the UK energy network.
  • Extradition hearing for Russian cybercrime suspect postponed

    Extradition hearing for Russian cybercrime suspect postponed

    Wednesday, November 15 2017 5:07 AM EST2017-11-15 10:07:43 GMT
    Wednesday, November 15 2017 7:32 PM EST2017-11-16 00:32:13 GMT
    Greece's Supreme Court has postponed until December an extradition hearing for Russian cybercrime suspect Alexander Vinnik, wanted in the United States on charges of laundering $4 billion worth of bitcoin.
    Greece's Supreme Court has postponed until December an extradition hearing for Russian cybercrime suspect Alexander Vinnik, wanted in the United States on charges of laundering $4 billion worth of bitcoin.
  • Spain warns EU about cyber-meddling suspicions in Catalonia

    Spain warns EU about cyber-meddling suspicions in Catalonia

    Monday, November 13 2017 6:36 AM EST2017-11-13 11:36:41 GMT
    Tuesday, November 14 2017 12:04 PM EST2017-11-14 17:04:41 GMT
    Spain's foreign minister says he will brief European Union counterparts on alleged cyber-meddling from Russian territory and elsewhere aimed at spreading misinformation about the independence push in its...
    Spain's foreign minister says he will brief European Union counterparts on alleged cyber-meddling from Russian territory and elsewhere aimed at spreading misinformation about the independence push in its northeastern region of Catalonia.
Powered by Frankly