Ask Mondelez how much a successful cyber attack costs

I’m that IT guy. No you can’t have Facebook at your work PC. No you can’t access the company Wi-Fi network with your personal device. No you can’t remote access the work servers from any PC you want to. No you can’t skip this month’s security training.

Know why I’m such a pain? Because one slip up on my part will bring the company crashing down.

Ask Mondelez, the snack maker that owns Oreos and Cadbury, what the cost of a successful cyber attack is. According to an article on Food Business News, it was an immediate $7.1 million loss, another $150 million in lost sales, and an ongoing “to be determined” repair cost.

Back in June, Mondelez got hit with the ransomware strain “Petya”. The effects were immediate and brutal. Production came to a complete stop, and the company scrambled for weeks trying to remove the ransomware infection from their company servers.

According to Food Business News, “The malware affected a significant portion of the company’s global Windows-based applications and its sales, distribution and financial networks across the company.”

“Although the company believes it has now largely contained the disruption and restored a majority of its affected systems, the company anticipates additional work during the second half of 2017 as the company continues to recover and further enhance the security of its systems. For the second quarter, the company estimates that the malware incident had a negative impact of 2.3% on its net revenue growth and 2.4% on its organic revenue growth. The company also incurred incremental expenses of $7.1 million as a result of the incident.”

The worst part? “In an Aug. 2 conference call with investment analysts, Irene Rosenfeld, chairman and chief executive officer, said Mondelez was not yet “back to normal.”

June. July. August. And an untold number of months to go.

Yes, IT guys like me are a royal pain. It’s not because we want to be. It’s because we know what will happen if a cyber attack is actually successful.

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