Executive Briefings

Cyber Attacks Cause Service Delays for FedEx, Maersk

The multiple waves of cyber attacks that infected corporate and governmental servers across the globe last week reached the freight logistics industry, too. FedEx reported that worldwide operations for its subsidiary, TNT Express, have been "significantly affected due to the infiltration of an information system virus."

FedEx did not immediately release details of the attack, but it appeared to be part of a larger, ongoing global "ransomware" attack.

TNT Express said that its operations and communications systems have been disrupted, but that “no data breach is known to have occurred.” All other FedEx companies said they are unaffected and services are operating normally.

Hardest hit were TNT Express inter-continental services, where delays were reportedly widespread.

On the maritime side, seafreight giant Maersk was hit last week by a form of a ransomware virus, which encrypts and immobilizes all files within an infected server and demands payment in the form of bitcoin to have the encryptions removed.

Read Full Article

FedEx did not immediately release details of the attack, but it appeared to be part of a larger, ongoing global "ransomware" attack.

TNT Express said that its operations and communications systems have been disrupted, but that “no data breach is known to have occurred.” All other FedEx companies said they are unaffected and services are operating normally.

Hardest hit were TNT Express inter-continental services, where delays were reportedly widespread.

On the maritime side, seafreight giant Maersk was hit last week by a form of a ransomware virus, which encrypts and immobilizes all files within an infected server and demands payment in the form of bitcoin to have the encryptions removed.

Read Full Article