Ransomware attack

Ransomware a threat to the trucking industry

Ransomware is a type of malware that infects your system, files or data, then encrypts it, blocking your access to it until you pay a sum of money.

Though such a nightmarish situation may sound exceedingly rare or like a threat only large companies need to be concerned with, ransomware is all too common and impacts businesses of all sizes, including trucking and logistics companies. In fact, transportation businesses are prominent targets of ransomware attacks, along with health care...

https://www.freightwaves.com/news/ransomware-a-threat-to-the-trucking-industry

Apex Capital blames malware attack for ‘unplanned system outage’

After initially blaming an “unplanned system outage” for its computer networks being knocked offline since early Monday, Apex Capital Corp. and its subsidiary, TCS Fuel, confirmed that both companies’ systems were targeted in a malware attack.

Ransomware gang BlackByte is claiming responsibility for infecting the operating systems of one of the largest factoring companies in the U.S., Apex Capital, headquartered in Fort Worth, Texas, which, in turn, shut down TCS Fuel’s network.

In February, the...

https://www.freightwaves.com/news/apex-capital-blames-malware-attack-for-unplanned-system-outage

Ransomware Attacks In The Shipping Industry

Cyber hackers continue to hone in on the shipping industry, considered a vulnerable and highly lucrative target, as demonstrated by the 400% increase in attempted cyber hacks on maritime companies between February and June 20201 , reports Lexology.

Cyber risks

Ransomware attackers are reported to have made at least USD 350 million worth of cryptocurrency in 20202, a steep rise from under USD 50 million in 2018. With these numbers in mind, maritime sector participants, from the smaller shipping...

https://mfame.guru/ransomware-attacks-in-the-shipping-industry/

Ransomware attack on EDI provider highlights cyber risks in supply chain

A graphic illustration of boxes coming out of a laptop screen to illustrate how an EDI system works. An EDI provider was targeted in a ransomware attack recently.

A ransomware attack has targeted an electronic data interchange (EDI) provider that works with some of the largest shippers in North America and IBM’s supply chain network. The incident highlights the potential vulnerabilities of the most widely used type of technology that businesses use to communicate information about freight.

The CEO and owner of Canada-based Faxinating Solutions, Steve Hatajlo, disclosed the attack to FreightWaves after the Conti ransomware gang posted 15 files to a leak...

https://www.freightwaves.com/news/ransomware-attack-on-edi-provider-highlights-cyber-risks-in-supply-chain

CSX probes ‘security incident’ as hackers leak data

A photo of a CSX train alongside computer screens displaying ransomware in text

U.S. rail operator CSX (NASDAQ: CSX) said it is investigating a “data security incident” linked to a software provider, Accellion, after a ransomware gang posted screenshots of internal company files to a leak site on Tuesday. The files appear to contain personal information about employees and retirees. 

The Jacksonville, Florida-based company told FreightWaves in a statement that it recently learned about the incident and has notified law enforcement.

“To date, this incident has had no impact...

https://s29755.pcdn.co/news/csx-probes-security-incident-as-hackers-leak-data

California DMV warns of ransomware attack on address verification contractor

California DMV warns of vendor ATFS ransomware attack

The California Department of Motor Vehicles (DMV) is warning customers that a vendor it uses to verify personal and commercial vehicle registration addresses was targeted by a ransomware attack in early February.

The DMV issued a statement on Wednesday cautioning customers about the data breach involving a Seattle-based contractor, Automatic Funds Transfer Services (AFTS), it has used since 2019 to cross-reference addresses with the U.S. Postal Service’s national database for vehicle renewal...

https://s29755.pcdn.co/news/california-dmv-warns-of-ransomware-attack-on-address-verification-contractor

Ransomware attack targets major US logistics firm DSC

A skull appears in computer code alongside an image of a truck to illustrate a ransomware attack on DSC Logistics.

DSC Logistics, a third-party logistics provider and supply chain management firm near Chicago, was targeted in a ransomware attack, the company told FreightWaves.

DSC, which is owned by South Korean supply chain management conglomerate CJ Logistics,  disclosed the cyberattack after a ransomware gang threatened to expose stolen data on a leak site. The firm specializes in consumer packaged goods and food logistics and helps large corporations manage internal supply chains.

“Fortunately, as a...

https://www.freightwaves.com/news/ransomware-attack-targets-major-us-logistics-firm-dsc

The Daily Dash: Activist investor seeks more value from Forward Air

forward air truck

The Daily Dash is a quick look at what is happening in the freight ecosystem. In today’s edition, an activist investor is pushing Forward Air to create more shareholder value. Plus, looking at the major trends expected to impact the retail supply chain in 2021, and Deutsche Bank’s Amit Mehrotra shares his truckload stock outlook.

Pushing for more shareholder value

As Forward Air (NASDAQ: FWRD) retooled its corporate strategy in 2020, its share price lagged comparable less-than-truckload carriers...

https://www.freightwaves.com/news/the-daily-dash-activist-investor-seeks-more-value-from-forward-air

The Daily Dash: Recent cyberattacks having ripple effects across supply chain

The Daily Dash is a quick look at what is happening in the freight ecosystem. In today’s edition, cyberattacks are causing issues at two industry players. An attack on Forward Air is having supply chain implications, and Central Freight Lines has also acknowledged it was victimized. Plus, FedEx and UPS are receiving plaudits for their early performance in vaccine distribution.  

Cyberattack on Forward Air having ripple effects

The ransomware attack on Forward Air’s (NASDAQ: FRWD) operational and...

https://s29755.pcdn.co/news/the-daily-dash-recent-cyberattacks-having-ripple-effects-across-supply-chain

News Alert: Forward Air reveals ransomware attack, warns of revenue hit

A tractor-trailer from Forward Air Corp. The company says it was targeted in a ransomware attack.

Forward Air Corp. (NASDAQ:FWRD) was targeted by a ransomware attack last week and warned that it may defer or lose revenue as a result, the Tennessee-based trucking and logistics firm disclosed in a Securities and Exchange Commission filing Monday. 

“Although the company is actively managing this incident, it has caused and may continue to cause a delay in parts of the company’s business and may result in a deferral or loss of revenue as well as incremental costs that may adversely impact the...

https://s29755.pcdn.co/news/news-alert-forward-air-reveals-ransomware-attack-warns-of-revenue-hit

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