FedEx Corporation (FDX) FORM 10-K | Annual Report

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    FedEx Says Cyberattack Will Hurt Earnings as TNT Systems Damaged

    http://www.ttnews.com/articles/fedex-says-cyberattack-will-hurt-earnings-tnt-systems-damaged

    "...While TNT facilities are functioning, the company said it has been forced to rely on manual processes for a significant portion of their operations...

    “We cannot yet estimate how long it will take to restore the systems that were impacted, and it is reasonably possible that TNT will be unable to fully restore all of the affected systems and recover all of the critical business data that was encrypted by the virus,” the Memphis, Tennessee-based courier said.

    The damage to FedEx underscored the financial fallout from the June attack, in which the perpetrators demanded $300 in cryptocurrency to unlock infected computer networks. Unlike traditional forms of ransomware, the hack seemingly concentrated on crippling systems rather than obtaining payments. The email address posted on users’ locked screens, used by victims to receive decryption keys, was easily and swiftly shut down by the email provider."
     

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