FedEx chief says ‘we will come out stronger’ after $300m cyber attack


FedEx believes the the cyber attack which hit its subsidiary TNT will cost $300m.

It’s the same amount fellow sufferer Maersk attributed to the NotPetya attack.

The attack hit the company in several ways financially, predominantly through lost revenue, but also via third-party costs for recovery, and a higher tax rate owing to reduced international earnings.

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FedEx chief says ‘we will come out stronger’ after $300m cyber attack

 

 

Author: Alex Lennane

Source: The Loadstar

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