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00:00:00
>> Mondelez International, one of world's largest chocolate makers, reporting a significant drop in sales Wednesday. Not because of a new health trend or a cocoa shortage or a PR disaster, but because of shipping delays caused by a computer virus. Costly cyber attacks are impacting the bottom line at more and more major companies, a problem highlighted by the NotPetya virus that crippled Ukraine businesses in June and spread worldwide.
00:00:29
Reuters' cyber security correspondent Jim Finkle explains.>> NotPetya is one of the most destructive computer viruses discovered to date, and it's a type of virus known as a worm, and it's called a worm because it can spread by itself without human interaction. What took a little longer for people to realize was that businesses that had operations in Ukraine, their computers got hit and then it spread across the globe to hit other operations.
00:00:58
>> NotPetya hit the earnings of several other large companies, including FedEx, shipping firm Maersk, and pharmaceutical company Merck, where NotPetya halted production of some drugs.>> The problem is, their entire networks are shut down and people in the companies are unable to work for several days, sometimes weeks.
00:01:19
One of the people I spoke to compared this to superstorm Sandy and said, the NotPetya attack is like a winter storm or other problems. So just add cyber security to the list of risks that investors face when they invest in a company.>> Time Warner's HBO announcing this week that hackers had broken into its network and had stolen upcoming programming.
00:01:41
An attack that Finkle says if true, could be as big as the cyber attack on Sony in 2014.>> HBO was part of Time Warner, which is in the middle of closing a sale to AT&T. And if something really embarrassing came out, something that forced executives to leave the company or there were anything else, that could affect the deal.
00:02:05
>> According to an internal memo seen by Reuters, HBO says it does not believe its email system as a whole has been compromised. Still, Time Warner executives are likely on edge. Keenly aware that Verizon bought Yahoo's core business for $350 million less than its original offer after two massive cyber attacks at the Internet company.