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FedEx's TNT Reels From June Cyberattack as Damage Lingers
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<blockquote data-quote="cheryl" data-source="post: 2972829" data-attributes="member: 1"><p><a href="https://www.bloomberg.com/news/articles/2017-07-17/fedex-says-tnt-systems-may-never-fully-recover-from-cyberattack" target="_blank"><strong>FedEx's TNT Reels From June Cyberattack as Damage Lingers - Bloomberg</strong></a></p><ul> <li data-xf-list-type="ul">Business’s IT systems may never fully recover from Petya hack</li> <li data-xf-list-type="ul">Courier says it doesn’t have insurance coverage for disruption</li> </ul><p>FedEx Corp.’s TNT unit is still slogging through some transactions by hand and information systems may never fully recover from a June cyberattack that is expected to deal a blow to earnings.</p><p></p><p>The shares fell the most in two months after the courier <a href="https://www.bloomberg.com/news/terminal/OT8JU0MEQTXC" target="_blank">said </a>customers continue to experience widespread service and invoicing delays. While TNT facilities are functioning, they have been forced to rely on manual processes for a significant portion of operations, FedEx said in a <a href="https://www.bloomberg.com/news/terminal/OT8JU0MEQTXC" target="_blank">statement</a> Monday.</p></blockquote><p></p>
[QUOTE="cheryl, post: 2972829, member: 1"] [URL='https://www.bloomberg.com/news/articles/2017-07-17/fedex-says-tnt-systems-may-never-fully-recover-from-cyberattack'][B]FedEx's TNT Reels From June Cyberattack as Damage Lingers - Bloomberg[/B][/URL] [LIST] [*]Business’s IT systems may never fully recover from Petya hack [*]Courier says it doesn’t have insurance coverage for disruption [/LIST] FedEx Corp.’s TNT unit is still slogging through some transactions by hand and information systems may never fully recover from a June cyberattack that is expected to deal a blow to earnings. The shares fell the most in two months after the courier [URL='https://www.bloomberg.com/news/terminal/OT8JU0MEQTXC']said [/URL]customers continue to experience widespread service and invoicing delays. While TNT facilities are functioning, they have been forced to rely on manual processes for a significant portion of operations, FedEx said in a [URL='https://www.bloomberg.com/news/terminal/OT8JU0MEQTXC']statement[/URL] Monday. [/QUOTE]
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