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FedEx Subsidiary TNT Express Hit By Second System Virus In 2 Months

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FedEx Subsidiary TNT Express Hit By Second System Virus In 2 Months

FedEx Corporation (NYSE: FDX) stock was briefly halted Wednesday before announcing that the global operations of subsidiary TNT Express were “significantly affected” by an information system virus.

“TNT Express domestic country and regional network services are largely operational, but slowed,” the press release read, noting that no data was known to have been breached in the attack. “We are also experiencing delays in TNT Express inter-continental services at this time.”

No other FedEx lines were affected, and the company offered TNT clients alternative services through FedEx Express. Management reported it could not immediately determine the financial impact of the disruption but indicated that it could be material.

See Also: Ransomware Rears Its Head Again As 150 Countries Hit By New Virus

This is the second time in two months that the firm fell victim to a cyberattack. In May, it reported that the WannaCry ransomware virus interfered with its Windows-based systems, after which it claimed to implement remediation steps.

FedEx shares fell less than 1 percent immediately after trading resumed and, at the time of publication, was trading up 1 percent on the day to $216.61.

 

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