The NotPetya malware infection shut down pharmaceutical giant Merck’s production of the pediatric vaccine GARDASIL last June, forcing the company to borrow the drug from a stockpile maintained by the U.S. Centers for Disease Control and Prevention to meet demand.
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 […]
In-brief: FedEx said its TNT subsidiary was still relying on manual processes more than a week after it was ravaged by the Petya wiper malware. The attack will materially impact the company’s financial performance in 2018, FedEx said in a filing with the SEC.
In-brief: NATO said it was extending support to Ukraine to help confront a rash of cyber attacks from Russian affiliated hacking forces.
In-brief: In the hours before the Petya malware began circulating, two high level Trump Administration officials called for a tougher stand against online actors who sow chaos. The question now is how the Administration will react.