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August 17, 2017

Cyberattack cost Maersk $300M

COPENHAGEN, Denmark (AP) — The world's biggest container shipping line A.P. Moller-Maersk says the June cyberattack that paralyzed its core shipping business is estimated to have cost the company between $200 million and $300 million.

The Copenhagen-based group says the impact will first be reflected in third quarter results as revenue was mainly lost in July.

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