Sep 20, 2017

NotPetya cyber-attack cost TNT at least $300m

Delivery company FedEx says a recent cyber-attack cost its TNT division about $300m. The company was one of several to have its computer systems severely disrupted by the NotPetya ransomware outbreak in June. Company executives also acknowledged TNT had yet to fully restore all its IT operations and was expected to do so only at the end of the month. Consumer goods company Reckitt Benckiser warned the attack was likely to have cost it £110m. The British company may provide an update on that figure when it issues its next earnings report, in October. "At the time of the attack, there was already work under way to replace TNT legacy systems with FedEx technology."

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