FedEx: NotPetya Cost $300m, Wrecked Q1 Earnings

FedEx disclosed that the June 27, 2017 NotPetya ransomware outbreak — initially seeded through a compromised update for Ukrainian accounting software MeDoc and leveraging the EternalBlue Windows exploit — significantly disrupted TNT Express worldwide, forcing service restoration efforts and causing an estimated $300 million in losses that lowered FedEx's fiscal forecasts; other major companies including Mondelez and Reckitt Benckiser also reported material operational and financial impacts.