FedEx says no insurance for cyber attack on Dutch unit
Posted On: Jul. 17, 2017 7:51 PM CSTFedEx 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.