Nuance was lost $92 million by NotPetya attack
NotPetya, originally considered ransomware, raided organizations across the globe on June 27, 2017, and a few days later it was found to be a more devastating hard disk eraser than the Bolaoso software.
Security experts also believe that NotPetya has ties to the malicious software BlackEnergy and KillDisk released by Russian hacker organizations, all using the same propagation vector – the update server for Ukrainian accounting software maker MeDoc.
Globally, the major organizations affected by NotPetya include Rosneft, Russia’s largest oil company, Merck, the U.S. pharmaceutical giant, FedEx, Mondelez International, the world’s leading snack maker of chocolate biscuits, Nuance, Reckitt Benckiser and Saint-Gobain, the largest provider of voice recognition software, have all suffered at least millions of dollars.
Nuance had estimated last year that NotPetya had affected the company by about $15 million in revenues in the third quarter of 2017. The company now claims that the economic losses caused by the attack totaled nearly 100 million U.S. dollars.
According to Nuance’s latest quarterly financial report (10-Q) to the Securities and Exchange Commission (SEC), NotPetya reported a direct economic loss of approximately $ 68 million to Nuance in 2017 due to remedies The incremental cost of the measure is about 24 million U.S. dollars.
Nuance said: “Blackmail software NotPetya affects certain Nuance systems, including systems used by our healthcare customers, primarily for transcriptional services, and systems affected by our imaging department to receive and process orders. Among them, the systems used by healthcare customers suffer the most. ”
The company also noted that although the direct impact of the attack was corrected in the fiscal year 2017, it will continue to affect the company’s first quarter of fiscal 2018 results. In addition, due to the attack, the company will have to invest more funds in the fiscal year 2018 and beyond to improve and enhance information security.
Last month, Maersk, the world’s largest shipping giant, said it suffered hundreds of millions of dollars in economic losses due to NotPetya and had to reinstall its software for nearly 50,000 devices. And in September 2017, FedEx revealed that the NotPetya ransom caused about a $300 million negative impact on the company’s profits.
In mid-February 2018, the British government issued a statement formally accusing the Russian military of releasing NotPetya. Immediately afterward, the United States, Canada, Australia and New Zealand gradually started solidarity with Britain on the second day and accused the Russian government of being responsible for the NotPetya attack.
Source: csoonline
