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: A crippling cyber attack that could damage and destroy equipment needed to keep the lights on in major US cities is already possible. The only thing that’s lacking is a motive to carry out such an attack, according to our guest on this week’s podcast: Joe Weiss, a Managing Partner at Applied Control Solutions, LLC and a persistent, if lonely, voice calling for an overhaul of cyber security for the U.S. electric grid.
In-brief: the Petya outbreak has prompted a string of profit and earnings warnings from major firms, with more likely in the days and weeks ahead, as companies struggle to regain their footing after the damaging wiper attack.
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.