“Expeditors Kangjiekong was targeted by 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 target of a targeted cyberattack. Upon discovering this incident, we shut down most of our operating systems globally to manage the security of our entire global system environment. The situation is constantly changing and we are working with global cybersecurity experts to manage this situation. While our systems are down, our ability to conduct business will be limited, including but not limited to arranging shipments or managing customs and distribution activities for our customers’ shipments.
The impact is significant after Expeditor shuts down most of its operating systems, as Expeditor’s operations are limited, including freight, customs and distribution activities, which could stall shipments for its customers.
The company noted that systems will remain offline until they can be safely restored from backups.
At the same time, the company is working with its operators and service providers to find solutions to minimize the impact on customers. However, there is no estimate on when operations will resume.
A global team of cybersecurity experts is currently investigating the attack and helping businesses restart activities
Although Expeditors didn’t mention the nature of the incident, it’s likely they were hit by ransomware, as shutting down operations globally and restoring them from backups is often a process prompted by network-wide encryption.
The company said it would cover all costs of investigating the cyberattack and remediation, which it expects to extend over a longer period of time. And the event could have a material adverse effect on their business, revenue, results of operations and reputation.”
