Malware

FedEx said the Petya malware outbreak in its TNT subsidiary in June cost the company $300 million and will cause it to miss its fiscal first quarter earnings.

FedEx: NotPetya Cost $300m, Wrecked Q1 Earnings

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 […]

Repair shops for televisions and other appliances have largely disappeared in recent decades. A lack of after market parts and tools is one big reason says Kyle Wiens of Repair.org.

A Right to Repair the Internet of Things? Spear Phishing Detection and Nonstop Attacks on DVRs

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.