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FedEx says no insurance for cyber attack on Dutch unit

Posted On: Jul. 17, 2017 7:51 PM CST

FedEx Corp. said it did not have insurance for last month’s cyber attack.

The attack, which disrupted operations in its Netherlands-based TNT Express unit, will hit its fiscal 2018 results, FedEx said on Monday.

FedEx said it was unable to estimate when services at the unit would be fully restored.

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