FedEx, the worldwide package delivery giant, said in a regulatory filing on Tuesday that the NotPetya ransomware outbreak in late June has cost it an estimated $300 million dollars and forced the company to miss its fiscal first quarter earnings. The company said in its quarterly “8K” report to the U.S. Securities and Exchange Commission (SEC) that the impact of NotPetya on TNT Express N.V., a newly acquired subsidiary based in The Netherlands. “Worldwide operations of TNT Express were significantly affected during the first quarter by the June 27 NotPetya cyber attack,” the company reported. The subsidiary has restored “substantially all” critical operational systems but “volume, revenue and profit still remain below previous levels.” The statement is the latest on the effects of NotPetya, which spread by way of bogus updates for software by the Ukrainian firm MeDoc. In July, FedEx said in a filing with the Securities and Exchange Commission […]
Podcast: Play in new window | DownloadSubscribe: Android | RSS | MoreIn-brief: In the latest Security Ledger podcast we talk about pending right to repair laws and their impact on the Internet of Things. Also: Facebook’s Internet Defense Prize went to a better method for spear phishing detection. We talk to a member of the winning team. And, Johannes Ullrich of The Internet Storm Center joins us to talk about a study he did to measure the frequency of attacks on a common IoT device: digital video recorders.
In-brief: Managed DNS firm Dyn, a victim of the Mirai botnet, got its revenge: taking part in a coordinated takedown of WireX, a botnet of compromised Android devices, according to an announcement Monday.
In-brief: organizations need to better understand mobile risks if they want to protect critical data, writes Aaron Cockerill of the firm Lookout.
In-brief: A British researcher who became a hero after he stopped the WannaCry ransomware from spreading globally has been apprehended in Nevada and charged with distributing the Kronos banking trojan in the U.S. between July 2014 and July 2015.