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...
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In case they needed one, the transportation and logistics industry got a reminder — in the form of the ransomware attack on Colonial Pipeline — of the kind of havoc hackers can wreak on businesses and their customers. The shutdown of a vital supplier of the diesel that keeps trucks moving could just as easily have happened to a major truckload carrier or any other company in the supply chain.
And chances are a catastrophic attack will hit the industry — again. In 2020, the big ones struck Forward...
https://www.freightwaves.com/news/colonial-level-cyberattack-on-trucking-likely-but-preventable
The cyberattack that temporarily shut down the Colonial Pipeline this month serves as a stark reminder that all industries are prone to security threats. A single attack brought the nation to a crawl. Just think of the damage one could cause your operation.
In today’s data-rich transportation and logistics industry, information flows freely from network to network. This is especially true for freight brokerages, which transact large amounts of information both electronically and in the cloud.
In...
A ransomware gang is threatening to release a massive trove of data stolen from shipping firm ECU Worldwide more than a month after a cyberattack caused serious disruptions to its online platforms.
The Mount Locker ransomware gang claimed in a post to its leak site on Sunday that it had taken 2 terabytes of data from ECU. The hackers have yet to release any data and did not respond to a message sent by FreightWaves.
ECU, a non-vessel operating common carrier (NVOCC) specializing in the...
https://s29755.pcdn.co/news/hackers-threaten-shipping-firm-ecu-worldwide-with-data-leak
The Daily Dash is a quick look at what is happening in the freight ecosystem. In today’s edition, congestion played a role in J.B. Hunt Transport Services posting a worse year-over-year intermodal margin growth than expected. Plus, even preparation sometimes isn’t enough to stop a ransomware attack, and business-to-business activity has rebounded well from early 2020.
Lost opportunityCongestion and gate restrictions from rail partners hampered J.B. Hunt Transport Services’ (NASDAQ: JBHT) Q4...
https://www.freightwaves.com/news/the-daily-dash-lost-opportunity-for-jb-hunt
Hackers hit the transportation and logistics industry hard in 2020. Many of the cyberattacks involved ransomware — essentially a vehicle for extortion.
Ransomware attacks aim to cause as much operational disruption as possible by encrypting data. Hackers then demand victims pay to restore access. Increasingly, so-called double extortion ransomware attacks are leveraging data theft and the threat of public release — or sale — of the data.
Ransoms can run in the millions of dollars. The attacks...
https://s29755.pcdn.co/news/5-defining-cyberattacks-on-trucking-and-logistics-in-2020
The Daily Dash is a quick look at what is happening in the freight ecosystem. In today’s edition, embattled hydrogen-electric truck maker Nikola Corp. took a big hit on Wednesday when Republic Services canceled an order for 2,500 refuse trucks. Plus, Forward Air is on the road to recovery following a ransomware attack and Roehl is the latest carrier to announce a driver pay increase.
Republic says goodbyeRepublic Services (NYSE: RSG), which had ordered 2,500 battery-electric refuse trucks from...
Less-than-truckload carrier Central Freight Lines (CFL) confirmed it fell victim to a cyberattack, which knocked its operating systems and call center offline last week.
The Waco, Texas-based carrier’s new chief operating officer, Steve Vondra, confirmed to FreightWaves that it was targeted in a “cyber incident that impacted CFL and many other companies across the U.S.”
“We immediately engaged third-party professionals to assist and informed federal law enforcement,” Vondra said in a statement to...
https://s29755.pcdn.co/news/news-alert-central-freight-lines-falls-victim-to-cyberattack
An “IT security incident” at Tennessee-based transportation and logistics firm Forward Air Corp. (NASDAQ:FWRD) likely resulted from a cyberattack, possibly one involving ransomware, experts told FreightWaves.
While the company has disclosed little publicly and did not respond to FreightWaves’ questions about the incident, the incident has the hallmarks of a cyberattack: the company’s nebulous acknowledgment of an “IT security incident,” emails bouncing, engagement with outside experts, and the...
https://s29755.pcdn.co/news/forward-air-likely-hit-in-cyberattack-experts-say