Printed from BusinessInsurance.com

FedEx says no insurance for cyber attack on Dutch unit

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

FedEx says no insurance for cyber attack on Dutch unit

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.

Read more