Global logistics giant Expeditors suffers cyberattack, shuts down operations systems
Company says it has ‘limited ability’ to book shipments
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 company said it was investigating the attack as it worked to restore its systems. It did not give an estimate when normal operations might resume.
Expeditors (NASDAQ:EXPD) has more than 18,000 employees across 100 countries, providing logistics and customs services for airfreight and ocean shipping. The company brought in $4.3 billion in revenue during the fourth quarter.
The company warned that the cyberattack “could have a material adverse impact on our business, revenues, results of operations and reputation.”
The incident represents one of the significant cyberattacks on a U.S. logistics provider in recent memory. Expeditors did not say whether the incident was the result of ransomware.
Intel 471, a cybercrime intelligence firm, warned in a November report that cybercriminals had been trying to sell network access of multiple transportation, logistics and shipping companies. Cybercriminals could use network access to stage ransomware attacks that could disrupt the global supply chain.
In December, Germany-based Hellman Worldwide was hit in a ransomware attack. The company subsequently warned its partners and customers that they could be targeted by scammers.
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