cyberattacks

You’ve already digitized — now it’s time to protect your assets

The transportation industry is a critical part of the U.S. economy and as such, organizations large and small within the industry could be appealing targets to cybercriminals. 

In recent years, as the industry has undergone a digital transformation, the number of vulnerabilities that bad actors can exploit has only grown.

“The more you digitize, the greater the potential for disaster,” said Debbie Ruane Sparks, executive director for the National Motor Freight Traffic Association (NMFTA). 

The...

https://www.freightwaves.com/news/youve-already-digitized-now-its-time-to-protect-your-assets

Keep Watch for Cyberattacks this Memorial Day Weekend

Keep an eye out for cyber abnormalities through Memorial Day weekend. Such attacks are known to strike during holidays.

Graham Gonzales, Director of Strategic Accounts at Reliance Partners, joined WHAT THE TRUCK?!? to encourage all members of the supply chain to ramp up their security efforts as pulling off a cyberattack is easier than you may think during a holiday weekend.

“Now’s a great time for a cyberattack to happen, unfortunately, because there’s less staff and fewer systems that can...

https://www.freightwaves.com/news/keep-watch-for-cyberattacks-this-memorial-day-weekend

Expeditors outperforms Q1 forecasts despite being hobbled by cyberattack

Expeditors International managed to beat Wall Street consensus and make more money than last year’s first quarter despite a cyberattack in February and a notable drop in the amount of tonnage the company handled.

Expeditors (NASDAQ: EXPD), a 3PL that moves freight via air and ocean, earned $2.05 per share for the first quarter, which was 26 cents better than consensus forecast, according to Seeking Alpha. Revenue of $4.7 billion was better than consensus by $440 million.

The net income was up...

https://www.freightwaves.com/news/expeditors-outperforms-q1-forecasts-despite-being-hobbled-by-cyberattack

‘A very scary place’ — Russia-Ukraine war brings new cyber risks to transport sector

A illustration of a man in a hooded sweatshirt, representing a hacker,behind a laptop, illustrating the cybersecurity risks the transport sector

Even before Russia invaded Ukraine, transportation and logistics companies were getting hit in cyberattack after a cyberattack. Case in point: Global logistics giant Expeditors International is continuing to recover more than two weeks after an attack brought down its operations systems. 

With the war underway, the risks are even higher.

Russia and its supporters could unleash cyberattacks against business and critical infrastructure in response to the U.S. and European allies’ sanctions and...

https://www.freightwaves.com/news/a-very-scary-place-russia-ukraine-war-brings-new-cyber-risks-to-transport-sector

Hapag-Lloyd faces cyberthreat after criminals create fake website

A container ship of Hapag-Lloyd seen from the side as shipping containers are being unloaded.

Hapag-Lloyd said it remains vigilant after discovering a copy of its website online that the shipping line believes was set up by cybercriminals as part of a planned spear-phishing attack. 

“We are thoroughly monitoring this,” Hapag-Lloyd spokesperson Tim Seifert wrote in an email to American Shipper on Wednesday. “So far, we have no indication of any compromised data.”

The Hamburg, Germany-based company said it discovered the website Monday and concluded it was set up for the purposes of...

https://www.freightwaves.com/news/hapag-lloyd-faces-cyberthreat-after-criminals-create-fake-website

Expeditors reports ‘meaningful progress’ in cyberattack recovery

Close up of Expeditors sign. Expeditors is an American logistics and freight forwarding company.

Global logistics provider and freight forwarder Expeditors International said it has “made meaningful progress” in restoring its systems following a devastating cyberattack, but advised customers that the process will take weeks. 

The Seattle-based company said in an update Sunday that its enterprise brokerage system will come online this week, with EDI/API connectivity — essential for transmitting shipment and other freight data — as well as transportation, accounting and other systems to...

https://www.freightwaves.com/news/expeditors-reports-meaningful-progress-in-cyberattack-recovery

Expeditors outlines severity of cyberattack, partially resumes operations

Close up Expeditors brand name on building.

Expeditors International, a top-five freight management company by revenue, disclosed Wednesday that last month’s cyberattack will have a “material adverse impact” on finances and that it will be late filing its 2021 annual report because of difficulty accessing information on its accounting systems.

In a separate notice to the Securities and Exchange Commission, the logistics provider said it is making progress returning to normal operations but is unable to estimate when it will resume full...

https://www.freightwaves.com/news/expeditors-outlines-severity-of-cyberattack-partially-resumes-operations

Global logistics giant Expeditors suffers cyberattack, shuts down operations systems

A building seen at night with the logo of the company Expeditors in front

Logistics giant Expeditors International has shut down most of its operations systems after being targeted in a ransomware attack, the company said. 

The effects on the Seattle-based company’s operations have been widespread.  

“While our systems are shut down we will have limited ability to conduct operations, including but not limited to arranging for shipments of freight or managing customs and distribution activities for our customers’ shipments,” Expeditors said in a statement Sunday.

The...

https://www.freightwaves.com/news/global-logistics-giant-expeditors-suffers-cyberattack-shuts-down-operations-systems

Minnesota trucking company hit in 2nd ransomware attack

A tractor-trailer of Minnesota trucking company Bay & Bay traveling on a highway.

After some of Minnesota trucking and logistics company Bay & Bay Transportation’s IT systems started acting up on Dec. 1, it soon became apparent that the cause was something familiar — and alarming: a ransomware attack. 

Hackers intent on extorting the Eagan-based carrier had deployed malware to encrypt data on the company’s systems. The company had been down this road before. A ransomware attack in 2018 crippled its systems and led the company to pay the criminals.

“The good part of it is we...

https://www.freightwaves.com/news/minnesota-trucking-company-hit-in-2nd-ransomware-attack

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