INCIDENT: Global Freight Forwarding Company, Expeditors Intl., hit by Ransomware Attack.

A crippling ransomware attack completely shutdown all operations at Expeditors, a global freight forwarder and logistics company based out of Seattle. The company expects the cyberattack will have a material adverse impact on its business, revenues, expenses, results of operations, cash flows and reputation. A later report revealed the cost to the company was $60m in remediation and lost business. Expeditors' operations were shutdown, as they were unable to ship, manage customs, or process customer's freight for 3 weeks+ .

After three weeks of downtime, systems were mostly restored with some operations are still feeling the impact in minor ways.

Incident Date

February 20, 2022

Location

United States

Estimated Cost

3 weeks downtime; $60M in remediation

Type of Malware:

Threat Source:

No threat source identified

References:

  • Expeditors outlines severity of cyberattack, partially resumes operations
  • Expeditors Targeted in Cyber-attack
  • US logistics giant Expeditors International goes down in major cyberattack

Impacts

IT

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