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.
February 20, 2022
3 weeks downtime; $60M in remediation