On July 6, two of the world’s largest consumer-goods companies detailed the financial impact of June’s Petya ransomware attack. Several large multinationals were hit by the virus linked to Russian hackers, which crippled computers and disrupted ports. Here’s how cyberattacks of this kind have affected bottom lines.
3%
Hit in second-quarter sales growth claimed by Mondelez, maker of Oreo cookies and Cadbury chocolates, as a result of the June 27 Petya attack’s disrupting the company’s shipping and invoicing capabilities.
$117 MILLION
Estimated loss of sales to Reckitt Benckiser, the U.K. maker of Veet and Lysol, also resulting from the Petya attack; the company forecast a 2% hit in revenue growth in the second quarter.
$1,077
Average ransom demanded in ransomware attacks in 2016, according to cybersecurity firm Symantec, a 266% increase from the year before.
This appears in the July 24, 2017 issue of TIME.
- Taylor Swift Is TIME's 2023 Person of the Year
- Meet the Nation Builders
- Why Cell Phone Reception Is Getting Worse
- Column: It's Time to Scrap the Abraham Accords
- Israeli Family Celebrates Release of Hostage Grandmother
- In a New Movie, Beyoncé Finds Freedom
- The Top 100 Photos of 2023
- Want Weekly Recs on What to Watch, Read, and More? Sign Up for Worth Your Time