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Cyber 'worm' attack hits global corporate earnings

20:00 EDT 2 Aug 2017 | Topix

Costly cyber attacks are having a bigger impact on corporate earnings and are becoming a fact of life for companies as Oreo cookie maker Mondelez, drug maker Merck and others said that a destructive "worm" attack in the last week of the second quarter disrupted operations. Mondelez International Inc, the world's second-largest confectionary company, reported a 5 percent drop in quarterly sales on Wednesday, blaming shipping and invoicing delays caused by the June 27 attack of the worm, known as NotPetya.

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