Expeditors company has over 18,000 employees worldwide and has annual gross revenue of around $10 billion. The company discovered the attack on February 20, 2022, it doesn’t provide details about the attack and announced to have launched an investigation into the incident.
“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.” reads the announcement published by the company.”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.”