Expeditors Targeted in Cyber-attack

[JustAnotherGen]

https://www.businesswire.com/news/home/20220220005063/en/Expeditors-Targeted-in-Cyber-attack

SEATTLE--(BUSINESS WIRE)--Expeditors International of Washington, Inc. (NASDAQ:EXPD) announced that on February 20, 2022, we determined that our company was the subject of a targeted cyber-attack. Upon discovering the incident, we shut down most of our operating systems globally to manage the safety of our overall global systems environment. The situation is evolving, and we are working with global cybersecurity experts to manage the situation. While our systems are shut down we will have limited ability to conduct operations, including but not limited to arranging for shipments of freight or managing customs and distribution activities for our customers’ shipments.

The security of our systems, minimizing the impacts on our customers, and providing our customers with timely and accurate information are our highest priorities. We are conducting a thorough investigation to ensure that our systems are restored both promptly and securely, and on a parallel track, evaluating ways with our carriers and service providers to mitigate the impact of this event on our customers. 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.

We are incurring expenses relating to the cyber-attack to investigate and remediate this matter and expect to continue to incur expenses of this nature in the future. Depending on the length of the shutdown of our operations, the impact of this cyber-attack could have a material adverse impact on our business, revenues, results of operations and reputation.

Further communications will be shared as we manage through this significant event.

Expeditors moves A LOT of b2b and Manufacturers parts and components into the US - and finished goods outside of the USA. A LOT. They also operate as customs brokers - meaning access to US Customs Border (Homeland Security) ACE System - which is also targeted to move to a new platform this week.

I hope I'm engaging in creative speculation - but this doesn't 'feel' right to me.

Posting here because I'm not bananas - I just think it's odd that they were targeted at THIS time. Will be interesting to see/learn where it came from.

[cilla4progress]

1. Calling it -

Global organized crime network. Putin and US Republicans.

Putin knew that once they got a taste of power - and autocracy and cruelty under the loser - he could corrupt them.

[lindysalsagal]

2. I wish I had enough confidence in our FBI and CIA to assume we'd be able to prove

the hackers were directed by vlad. But that's the thing about hackers: You can't trace them.

[crickets]

3. Russian involvement wouldn't be surprising at all. nt