Tag: software

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 […]

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After Equifax: What Makes a Good CSO? Also: App Sec is a Mess. We Talk about Why.

What makes a good CSO? In the wake of the Equifax breach, we talk about the controversy over that company’s CSO’s music degree. Also: we talk with Signal Sciences about why companies keep getting hacked via application vulnerabilities like the Apache Struts hole that felled Equifax.

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Beset by Lawsuits, Scams, Investigations, Equifax names Source of Breach

In-brief: Beset by a plunging share price, class action lawsuits in dozens of states, pending Congressional hearings and a FTC investigation, Equifax on Wednesday finally settled speculation and named a six month old hole in a common software platform, Apache Struts, as the cause of a massive hack.

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Bluetooth Flaw affects Billions of Devices and has a Name: BlueBorne

In-brief: Dubbed BlueBorne, the flaw could affect billions of devices that use the Bluetooth wireless protocol, enabling remote hacks, the security firm Armis warned. 

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Inside the Equifax Hack, Facebook’s Problem with Authoritarianism & ASPertise harnesses Asperger’s Syndrome

In-brief: In this week’s podcast, Security Ledger Editor in Chief Paul Roberts talks with noted security researcher Robert “RSnake” Hansen about the data breach at Equifax and why the company’s response to it was so lacking. Also: Chris Sumner of the Online Privacy Foundation talks about why Facebook is a killer app for information operations and we talk to the president of ASPertise: a consulting firm by and of professionals with Aspergers and Autism spectrum disorders.

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