Latest in Gear

Image credit: Donat Sorokin via Getty Images

FedEx estimates ransomware attack cost $300 million

Its TNT Express unit suffered a blow from NotPetya in June.
429 Shares
Share
Tweet
Share
Save

Sponsored Links

Donat Sorokin via Getty Images

FedEx acquired Dutch shipper TNT Express last year for $4.8 billion, well before the NotPetya ransomware ran wild on TNT's systems June 27th, disrupting much of its shipping operation. Like the earlier WannaCry outbreak, NotPetya used a Windows exploit stripped from an NSA leak to spread across networks. According to FedEx, even though its services and critical systems have been restored, "TNT Express volume, revenue and profit still remain below previous levels." That adds up to a $300 million hit on its operating results, and the company raised the estimate of integrating TNT's systems with its own by $75 million over previous estimates.

All products recommended by Engadget are selected by our editorial team, independent of our parent company. Some of our stories include affiliate links. If you buy something through one of these links, we may earn an affiliate commission.
Comment
Comments
Share
429 Shares
Share
Tweet
Share
Save

Popular on Engadget

The best consoles, games and accessories for students

The best consoles, games and accessories for students

View
Recommended Reading: Taylor Swift and Spotify are... best friends?

Recommended Reading: Taylor Swift and Spotify are... best friends?

View
Hitting the Books: We can engineer the Earth to fight climate change

Hitting the Books: We can engineer the Earth to fight climate change

View
The Morning After: Hands on with Disney+ 4K and HDR streaming

The Morning After: Hands on with Disney+ 4K and HDR streaming

View
Ask Engadget: What are the best outdoor navigation apps?

Ask Engadget: What are the best outdoor navigation apps?

View

From around the web

Page 1Page 1ear iconeye iconFill 23text filevr