In the latest episode of "The FreightCaviar Podcast", we sit down with Grace Maher and Jonathan McCormack of OTR Solutions. They shared their take on the current freight market, freight fraud, and talked about OTR's new platform for carriers.
Plus, Landstar delays Q1 earnings report due to massive fraud hit, witness tied to truck crash scheme murdered, UPS to cut 20K jobs amid Amazon pullback, and more.
Cybersecurity Alert: JAS Worldwide's Operations Disrupted by Ransomware Attack
JAS Worldwide confirms technical disruptions are the result of a ransomware attack, but no group has yet claimed responsibility. Cybersecurity response underway.
Last week, Atlanta-based JAS Worldwide, a major freight forwarder, faced a significant ransomware attack that disrupted its operations. Originally founded in Milan and now headquartered in Atlanta, JAS employs over 7,000 people across more than 100 countries. The company is currently in the process of recovery and has emphasized its commitment to transparency, promising to provide ongoing updates as it addresses the breach.
Despite the disruption, no ransomware group has yet claimed responsibility for the attack.
Ryan Petersen, the CEO and Founder of Flexport, was one of the first to bring the incident to public attention, sharing the news with this tweet:
One of the largest international freight forwarders in the United States, JAS Forwarding, has been taken out by a cyberattack this evening. The last time this happened to a major US forwarder, Expeditors International of Washington, Putin invaded Ukraine 3 days later.
Attack Confirmed: JAS Worldwide has confirmed that its systems were compromised by ransomware, impacting its ability to service customers. The company stated, "We immediately secured our systems," and assured that cybersecurity experts are leading the investigation.
Email and Website Safe: JAS has reassured clients that its email system and website remain secure, urging customers to continue communications through these channels.
No Responsibility Claimed: So far, no criminal group has claimed responsibility for the attack. Luke Connolly, a threat analyst at Emsisoft, notes, “So far, I haven’t found any criminal group claiming responsibility.” He speculates that the attackers might be negotiating behind the scenes or that the attack was thwarted before data could be stolen. Connolly also suggests that a future announcement from the group responsible may still be forthcoming.
Last December, we reported on the millions of dollars lost by Expeditors International due to a cyberattack, which led to a shipper suing the 4PL giant.
This incident highlights the critical need for robust cybersecurity measures. Cyberattacks are becoming increasingly frequent, posing significant risks to the logistics industry.
A recent example is Expeditors International, which experienced a breach in February 2022. The attack resulted in millions of dollars in damages, bringing their operations to a temporary halt, followed by months of recovery. Incidents like those affecting JAS and Expeditors underscore the importance of taking cybersecurity seriously to protect company operations.
Cybersecurity Conference
With cyberattacks on the rise globally, staying informed about the latest threats and protective measures is crucial. The National Motor Freight Traffic Association (NMFTA) is hosting a Cybersecurity Conference from October 27-29, 2024, in Cleveland, OH. This event offers valuable insights and strategies to enhance your company’s cybersecurity.
Please note, we are not affiliated with NMFTA. We recommend this conference purely to help you stay informed about the cybersecurity challenges facing the logistics industry today.
Hello! I'm Jerome FreightCaviar! I’m into the politics of freight and the impact it will have worldwide. I'm always eager to learn more. Follow me on X @JeromeFreightC
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