Expeditors, an American logistics and freight transport company based out Washington, USA, faces total disruption at the hands of severe ransomware attacks. The situation has grown so worse that several recovery specialist companies have joined in the operation to pull the company out of the trouble. The Expeditors Ransomware Attacks have a massive impact on the business operations.
Specifics of the Expeditors Ransomware Case
The targeted cyber attack on Expeditors happened on Sunday, 20th February 2022. When the cyber incident was detected, it shut down a major portion of its global operating systems so that the ransomware wouldn’t cause a chain reaction.
But it wasn’t Expeditors themselves who disclosed the nature of the cyber threat. Rather an anonymous tip let the cat out of the bag. Senior executives from other victims of mass ransomware attacks have also shared their experience. Shutting down operations is a horrible, exhaustive event. More anxiety and panic are added when the authorities get involved and then the insurers, making it feel like a total fiasco.
Some people say that the inclusion of expert cyber response teams is an interesting process, and they learned a lot about recovery from going through the motions.
However, the global logistics aspect of the Expeditors ransomware attacks adds a tricky component to recovery. Because data security is complicated and regulations vary from country to country, it was difficult to understand the impact and effort of recovery.
The saving grace for Expeditors is their global business continuity plan for their network, which has allowed them to stay afloat.
“Our employees continue to leverage back-up procedures and alternative solutions to support our customers and stakeholders,” it said.
Expeditors further say that their cybersecurity and IT teams and partners are engaged in remedial activities to mitigate the damage. But they are sure the ransomware incident will surely damage their reputation, their revenues, and overall business results.
The recovery stages are as of yet unclear, although focussed efforts are being taken.
Expeditors further stated, “Since it is extremely early in the process, we cannot provide any specific projections on when we might be operational, but we will provide regular updates when we are able to do so confidently.”