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FedEx says cyber attack to hurt full-year results

July 17, 2017 (Reuters) – Package delivery company FedEx Corp said a disruption in services in its TNT Express unit following a cyber attack last month would hurt its full-year results. FedEx’s shares fell as much as 3.4 percent to $211.53 in early trading as the company said the financial impact of the disruption on its results was likely to be “material”. The Netherlands-based TNT Express is still experiencing widespread service delays following the attack, caused by the Petya cyber virus that spread through a Ukrainian tax software product, FedEx…

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Global cyber attack could spur $53 billion in losses: Lloyd’s of London

July 17, 2017 By Suzanne Barlyn (Reuters) – A major, global cyber attack could trigger an average of $53 billion of economic losses, a figure on par with a catastrophic natural disaster such as U.S. Superstorm Sandy in 2012, Lloyd’s of London said in a report on Monday. The report, co-written with risk-modeling firm Cyence, examined potential economic losses from the hypothetical hacking of a cloud service provider and cyber attacks on computer operating systems run by businesses worldwide. Insurers are struggling to estimate their potential exposure to cyber-related losses…

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attack cyber month SHANGHAI Tech Top News 

Maersk says too early to predict financial impact of cyber attack

July 7, 2017 By Brenda Goh SHANGHAI (Reuters) – Maersk said it was too early to predict the financial impact of last month’s global Petya cyber attack that hit the shipping giant’s computers and delayed cargoes, but added that normal operations had resumed at its ports. A.P. Moller-Maersk, Danish owner of the world’s biggest container shipping line, operates 76 ports via its APM Terminal division and was one of the many firms hit by the ransomware virus along with Russia’s Rosneft and advertising agency WPP. For the shipping sector, this…

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Maersk says shipments back to normal next week after cyber attack

July 6, 2017 COPENHAGEN (Reuters) – Danish shipping giant A.P. Moller-Maersk expects container shipments to be back to normal early next week, it said on Thursday, as the impact of last week’s cyber attack extends into its third week. Maersk, which handles one in seven containers shipped globally, said this week it had restored its major IT systems, but was still handling a backlog of orders and was working to bring operations at its ports back to normal. “Where we are pleased with the progress we have made to be…

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attack cyber Olesya Bilousova Tech Top News Ukraine 

Ukraine scrambles to contain new cyber threat after ‘NotPetya’ attack

July 5, 2017 By Jack Stubbs and Matthias Williams KIEV (Reuters) – The Ukrainian software firm used to launch last week’s global cyber attack warned on Wednesday that all computers sharing a network with its infected accounting software had been compromised by hackers. The attack used a virus, dubbed “NotPetya” by some experts, to take down thousands of computers in dozens of countries, disrupting shipping and businesses. Investigators now say the hack may be far more nefarious than previously thought. A top official in the Ukrainian Presidential Administration said it…

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attack security Tech Top News Ukraine 

Police seize servers of Ukrainian software firm after cyber attack

July 4, 2017 By Jack Stubbs and Pavel Polityuk KIEV (Reuters) – Ukrainian police on Tuesday seized the servers of an accounting software firm suspected of spreading a malware virus which crippled computer systems at major companies around the world last week, a senior police official said. The head of Ukraine’s Cyber Police, Serhiy Demedyuk, told Reuters the servers of M.E.Doc – Ukraine’s most popular accounting software – had been seized as part of an investigation into the attack. Though they are still trying to establish who was behind last…

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attack Business Intellect Service Tech Top News Ukraine 

Family firm in Ukraine says it was not responsible for cyber attack

July 3, 2017 By Jack Stubbs and Pavel Polityuk KIEV (Reuters) – Ukrainian company Intellect Service was not responsible for last week’s international cyber attack that brought down the computer systems of several major companies, the father and daughter team told Reuters on Monday. Cyber security investigators are still trying to establish who was behind the attack. But Ukrainian officials and security firms including Microsoft , Cisco’s Talos and Symantec say they have confirmed that some of the initial infections occurred when malware was transmitted to users of a Ukrainian…

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attack cyber security Tech Top News Ukraine 

Global cyber attack likely cover for malware installation in Ukraine: police official

June 29, 2017 By Pavel Polityuk and Eric Auchard KIEV/FRANKFURT (Reuters) – The primary target of a crippling computer virus that spread from Ukraine across the world this week is highly likely to have been that country’s computer infrastructure, a top Ukrainian police official told Reuters on Thursday. Cyber security firms are trying to piece together who was behind the computer worm, dubbed NotPetya by some experts, which has paralyzed thousands of machines worldwide, shutting down ports, factories and offices as it spread through internal organizational networks to an estimated…

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attack cyber INTTRA IT Tech Top News 

Maersk says booking system back in action after cyber attack

June 28, 2017 COPENHAGEN (Reuters) – Maersk Line, one of the world’s largest container shipping companies, said on Wednesday its cargo booking system was back up and running after a global cyber attack crippled its IT networks a day earlier. “Further to earlier communications, we are now able to accept bookings via INTTRA,” the company said on Twitter. “Booking confirmation will take a little longer than usual but we are delighted to carry your cargo.” Earlier, Maersk said it was using alternative channels to take orders manually and to communicate…

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Wall St. higher as banks rise; ECB comment reassessed

June 28, 2017 (Reuters) – Wall Street opened higher on Wednesday as financial stocks rose and after a report that investors overreacted to ECB chief Mario Draghi’s view on fiscal stimulus. The Dow Jones Industrial Average rose 111.82 points, or 0.52 percent, to 21,422.48. The S&P 500 gained 12.46 points, or 0.51 percent, to 2,431.84. The Nasdaq Composite added 21.90 points, or 0.36 percent, to 6,168.53. (Reporting by Tanya Agrawal; Editing by Arun Koyyur) Powered by WPeMatico

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