The latest version of ransomware to wreak havoc on businesses and utilities around the globe has several names: Petya, NotPetya and GoldenEye, but the outcome is still the same — major disruption.

The virus started its virulent computer attack on June 27th and according to antivirus expert McAfee, businesses in the U.S. Canada, Great Britain, the Ukraine, China, Brazil and Australia were severely impacted. Even Russia reported that a major oil company and a steelmaker were affected.

Companies like U.S. law firm DLA Piper, Danish shipping magnet A.P. Moller-Maersk A/S, a number of Ukrainian banks, an Australian chocolate factory and even the worldwide operations of FedEx Corp. are just some of the entities assessing the damage to their operations. At ports around the world, terminal operators had to resort to their back-up plans or manual procedures, which severely impacted their ability to accept shipments, but allowed them to keep running.

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More precise than WannaCry

Similar to the WannaCry virus that struck just a few weeks ago, Petya has targeted thousands of computers and demands a $300 ransom paid in Bitcoin. However, the similarity ends there. McAfee says that once a computer is infected, the virus is much more precise in what it infects. While WannaCry tried to infect every IP address possible, Petya determines whether or not a machine is a workstation or a domain controller with access to multiple IP addresses that can be infected within a network.

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Patricia L. Harman

Patricia L. Harman is the editor-in-chief of Claims magazine, a contributing editor to PropertyCasualty360.com, and chairs the annual America's Claims Event (ACE), which focuses on providing claims professionals with cutting-edge education and networking opportunities. She covers auto, property & casualty, workers' compensation, fraud, risk and cybersecurity, and is a frequent speaker at insurance industry events. Contact her at pharman@alm.com