• Skip to main content
  • Skip to secondary menu
  • Skip to primary sidebar
  • Skip to footer
WebSetNet

WebSetNet

Technology News

  • Technology News
    • Mobile
    • Games
  • Internet Marketing
  • System Admin
    • Windows 11
    • Linux
    • Mac & Apple
    • Website Scripts
      • Wordpress

Petya Ransomware: FedEx Halts Stock Trading After Operations Hit By Cyberattack

August 5, 2020 by Martin6

The Petya ransomware attack that began spreading Tuesday has “significantly affected” the operations of FedEx subsidiary TNT Express, causing the company to halt trading of its stock.

While domestic and international shipping services have remained operational for the most part, the companies acknowledged they have experienced some delays. Other FedEx-owned companies so far are unaffected.

Read: What Is Petya? Ransomware Attack Hits Computer Systems Across The Globe

A statement issued by FedEx Wednesday said in the wake of the incident, “worldwide operations of its TNT Express subsidiary have been significantly affected due to the infiltration of an information system virus.”

The attack, which is believed to be related to the Petya ransomware attack, has affected the computer systems managing TNT Express operations and communications. The company noted that no data breach is believed to have occurred in the attack, suggesting customer information was not compromised.

“Remediation steps and contingency plans are being implemented as quickly as possible,” FedEx said. TNT Express said on social media it “implemented operational contingencies to continue to operate with some restrictions and delays” and apologized for any inconvenience the attack has caused for its customers.

FedEx said it could not measure the financial impact of the service disruption, but “it could be material.” Following the announcement of the attack, the company temporarily suspended trading of its shares on the New York Stock Exchange.

Read: Petya Ransomware Update: Cyberattack Spreads to 12,000 Machines In 65 Countries

TNT Express is far from the only company to be compromised by the Petya ransomware attack. International shipping company Maersk, pharmaceutical company Merck, food conglomerate Mondelez International, San Francisco law firm DLA Piper, British advertising firm WPP and Russian oil company Rosneft were among the high-profile victims.

The attack started spreading worldwide after M.E.Doc, a Ukrainian company that develops tax accounting software, had its supply chain of its software MEDoc hit by the malware. The attack then spread through a system updater process that carried malicious code to thousands of machines.

Microsoft reported more than 12,500 machines were hit by Petya in Ukraine alone, and infections have been spotted in 65 countries including Belgium, Brazil, Britain, Germany, Russia and the United States.

The attack has been labeled as Petya because it originally was believed the ransomware being spread was a variant of the malware first discovered in 2016. Some security experts have started referring to the attack as NotPetya because, despite apparent similarities to Petya, the attack used an entirely new type of ransomware.

The Petya attack makes use of the same security vulnerability in Windows machines — a U.S. National Security Agency-discovered exploit that was stolen and leaked by a hacking group known as the Shadow Brokers — that allowed the spread of the WannaCry ransomware attack that hit hundreds of thousands of machines in more than 150 countries last month.

A security patch for the exploit was issued by Microsoft in March — two months before the spread of WannaCry and three months ahead of Petya. However, many computer systems have yet to be patched and are still vulnerable. Data provided to IBT by cybersecurity firm Avast shows there are at least 38 million PCs worldwide that have not yet been patched.

Source

Related posts:

  1. Petya Cyberattack Update: Ukrainian Arrested For Spreading Malware
  2. How To Protect Yourself Against Petya Ransomware
  3. New GeForce drivers optimized for Call of Duty: WWII
  4. Increasing resilience against Solorigate and other sophisticated attacks with Microsoft Defender
  5. The Week in Ransomware - February 2nd 2018 - TOR Sites Stealing Ransom Payments & GandCrab
  6. Trend Micro Ransomware File Decryptor will decrypt files encrypted by Ransomware
  7. Turn On Built-in Ransomware Protection In Windows 10
  8. WannaCry Ransomware Update: $143,000 Withdrawn From Ransom Wallets
  9. McAfee Ransomware Recover (Mr2) can help in decrypting files encrypted by Ransomware
  10. Monster Hunter Rise and MHR: Sunbreak (PC) list of monsters

Filed Under: Uncategorized Tagged With: fedex, halts, petya, ransomware, stock, trading

Primary Sidebar

Trending

  • 5 Ways to Fix “Your SIM sent a Text Message” Issue on iPhone
  • 3 Ways to Disable GetApps on Xiaomi, Redmi, and Poco Phones Running MIUI
  • 8 Best Sites to Read Manga Online for Free
  • How To Extract & Install tar.gz Files In Ubuntu
  • How to Highlight Duplicates in Google Sheets
  • GeForce Experience not finding games? Fix it fast
  • How to find a lost Apple Pencil using your iPad (1st and 2nd gen)
  • Discord Stream Has No Sound? 6 Ways to Fix
  • Troubleshooting “E: Unable to locate package” Error on Ubuntu [Beginner’s Tutorial]
  • Exclamation Mark on Network Signal, Mobile Data Not Working? 8 Ways to Fix
  • How to Track a Stolen or Lost Nintendo Switch
  • How to Fix YouTube Server Connection Error [400] on Android
  • How To Calculate CAGR in Excel
  • How to check if your Android device supports Widevine DRM
  • What is Android System Intelligence, and why is it on your phone?
  • 17 Cool Arduino Project Ideas for DIY Enthusiasts
  • How to Make Any Wired Printer Wireless in 6 Different Ways
  • How to Change the Last Modified Date, Creation Date, and Last Accessed Date for Files and Folders

Footer

Tags

Amazon android Apple Asus available download: edge feature features first free from galaxy Game games gaming gets google install Intel iPhone launches linux Microsoft more OnePlus phone release released review: samsung series support this Ubuntu update using video watch what will windows with xbox your

Archives

  • September 2023
  • August 2023
  • July 2023
  • June 2023
  • May 2023
  • April 2023
  • March 2023
  • February 2023
  • January 2023
  • December 2022
  • November 2022
  • October 2022
  • September 2022
  • August 2022
  • July 2022
  • June 2022
  • May 2022
  • April 2022
  • March 2022
  • February 2022
  • January 2022
  • September 2021
  • August 2021
  • July 2021
  • June 2021
  • May 2021
  • April 2021
  • March 2021
  • February 2021
  • January 2021
  • December 2020
  • November 2020
  • October 2020
  • September 2020
  • August 2020
  • July 2020

Meta

  • Log in
  • Entries feed
  • Comments feed
  • WordPress.org