Fedex Says Cyber Assault To Hurt Its 2018 Consequences

Package delivery company FedEx said its fiscal 2018 results would be hurt in part due to disruption of operations in its TNT Express unit following a cyberattack last month.
The Netherlands-based TNT Express is still experiencing widespread service delays following the attack, FedEx said in a regulatory filing on Monday.
FedEx added that no data breach or data loss to third parties is known to have occurred as of July 17.
FedEx said it has experienced loss of revenue due to decreased volumes at TNT Express, incremental costs from contingency plans and remediation of affected systems.
The company said it did not have an insurance in place that covered the impact from the cyberattack.

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