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Expeditors International is limping back into operation after the cyber-attack that hit the logistics firm on 20 February.
Management anticipates a “material adverse impact” on its balance sheet and is struggling to complete the filing of its annual report.
The attack forced Expeditors to shut down most of its operations. It has reported progress in resuming normal operations, but declared itself unable to predict when it will get back at full speed.
The attack has also forced the company to delay the filing of its annual report, due to problems accessing information in its accounting systems.
Cyber security has been a nagging concern for companies for years, and the current geo-political situation has elevated this threat. The US Cybersecurity and Infrastructure Agency has issued a warning about more possible cyber-attacks.
“Russia’s unprovoked invasion of Ukraine, which has been accompanied by cyber-attacks on Ukrainian government and critical infrastructure organisations, may have…
