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FedEx says cyber attack to hurt its fiscal 2018 results

The company said it was unable to estimate when services at the unit would be fully restored

Reuters 

Package delivery company FedEx Corp said its fiscal 2018 results would be hurt in part due to disruption of operations in its TNT Express unit following a cyber attack last month. The Netherlands-based TNT Express is still experiencing widespread service delays following the attack, FedEx said in a regulatory filing on Monday. FedEx said it was unable to estimate when services at the unit would be fully restored.  FedEx added that no data breach or data loss to third parties is known to have occurred as of July 17. The company said it was evaluating the financial ...

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First Published: Mon, July 17 2017. 21:42 IST
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