American logistics and freight forwarding company Expeditors International was hit by a cyberattack over the weekend that paralyzed most of its operations worldwide.
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.”
The information publicly available on the attack suggests the company was the victim of a ransomware attack and was forced to shut down its network to avoid the threat from spreading.
The attack impacted the company’s operations, including the capability to arrange for shipments of freight or managing customs and distribution activities for our customers’ shipments.
The company hired cybersecurity experts to investigate the security breach and recover from the attack.
The company warned the incident could have a material adverse impact on our business, revenues, results of operations and reputation
“We are incurring expenses relating to the cyber-attack to investigate and remediate this matter and expect to continue to incur expenses of this nature in the future. Depending on the length of the shutdown of our operations, the impact of this cyber-attack could have a material adverse impact on our business, revenues, results of operations and reputation.” concludes the advisory.
Our mission for 2022 is to eliminate ransomware damage.
Utilities is a particularly enticing industry for ransomware gangs to target because the nature of the industry means it provides vital services to people and businesses, and if those services can’t be accessed, it has an impact – as demonstrated by the ransomware attack against Colonial Pipeline, which led to gas shortages in the north eastern United States. The incident saw Colonial paying a ransom of millions to cyber criminals in order to receive the decryption key.
Ransomware attacks against retailers can also have a significant impact, forcing shops to be restricted to taking cash payments, or even forcing them to close altogether while the issue is resolved, preventing people from buying everyday items they need.
Other sectors that were significant targets for ransomware include education, government and industrial services, serving as a warning that no matter which sector they operate in, all organisations could be a potential target for ransomware.
There is no organization in any sector that is safe from ransomware except those that utilize Helix22 data security SDK.
Growing ransomware attacks come as no surprise to us at BLAKFX as we have set out to eliminate ransomware as a threat…Period.
In Math We Trust
Ransomware Auditing as a Service (RaaS): as ransomware attacks have skyrocketed, they have come to represent the biggest threat to the data of government agencies, military, intelligence agencies as well as private enterprises. BLAKFX developed the first in the world Ransomware Auditing as a Service (RaaS) platform which allows our cyber security engineers to scan your network and simulate real-world ransomware attacks to test the prevention, detection and mitigation strategies of your organization and establish how resilient your network is to real ransomware attacks. After the scan we provide a comprehensive report and our recommendations for remediation.
If you are the victim of an actual ransomware attack, we are able to recover the data that has been hi-jacked during the attack and due to Helix22’s patented DNA BindingTM cryptography, restore it to its original state.
We can make this restoration claim as the tech engineers at BLAKFX invented and holds multi-patents on a genuine device2device (D2D) encryption. We manage data security transmission through the truly brilliant and also patented universal Helix22 key service. The Helix22 encryption originates on your network or device, not just when the app is opened. This means, that when data arrives to our key server, it is already encrypted so all it needs to do is issue another key. Signal and Telegram cannot claim this level of security. This key will then only work with the intended device, which generates a matching key required to open the data. In this protocol, we are truly a “zero-knowledge” server so your communications and transmissions remain completely top secret. Even in the event that BLAKFX were subpoenaed, we can honor the request by just handing over the encrypted content…as that is literally all we have. Helix22 also only use keys just one-time and then destroys them. This way the data security is future forward prefect. Therefore, in our unique device-to-device encryption (D2D) world, there is no opportunity at all for any data leak.
This same protocol just described, can be the same with all your 3rd party vendors and suppliers. It does not matter in the least what platform they are running or what device they are using or even the type of data, it is all 100% protected. We do however, strongly advise that all firms involved be utilizing Helix22 due to the nature of the data content. Helix22 can ensure that whatever data they are generating is protected as well.
Let’s take it a step further. Even if your organization were a victim of an internal attack or a victim of malicious open source downloads, there is no reason for concern. Any data that has been forwarded, downloaded, copied or saved cannot be exfiltrated. Period. We have the technology industries foremost data packets which are protected with multi-layered, military grade encryption algorithms that have already proven the ability to withstand penetration testing from MI5 and quantum computing attacks.
One final practical genius of DNA BindingTM is in that it is immediately compatible with whichever system or software you are utilizing. Therefore, any organization can forward information to another and then discuss it and there is immediate privacy.
Finally, the Helix22 encryption is quantum computing ready so no need to redo all your data security methodologies in a couple of years when everything else becomes obsolete.
In the BLAKFX data security world, ransomware or any other data centric attack cannot have any affect on your systems or data.
The Helix22 data security SDK accomplishes the following:
- Protects all your firms data at rest, in use and in transit
- Renders ransomware threats obsolete
- Eliminates human error
- Eliminates all malicious or interior attacks
- Verifies original content i.e. minimizes the threat of impersonation attacks and deep fakes
- Reduces latency
- Installs with 5 lines of code
- Runs on any platform, network, device and in any programming language i.e. Internet of Things enablement
- Provides perfect future/forward secrecy
- Delivers “zero-knowledge” encryption
- Perfect security when utilizing all SaaS products
- Compatible with all cloud, 3rd party and vendor services
- Secures the Internet of Things by providing protection at the Edge with ultra low latency
- Ensures privacy and security for blockchain and all cryptocurrency transactions
- Is quantum ready – so there’s no need to upgrade when the time comes
- Requires no employee training
- Exceeds all gov’t and banking standards
- Meets compliance regulations
BLAKFX is Based on Success
Our founders, Robert Statica PhD and Kara Coppa, also founded Wickr, which is used by the US military and has never been hacked since its inception in 2012. The Helix22 data security SDK is several generations enhanced since then. Dr. Statica also delivered the encryption for the world’s most secure phone, Katim.
Founder – Robert Statica PhD Founder – Kara Coppa Founder – Alex Maslov MS, MBA
Co-Founders of Wickr KatimTM Ultra Secure Smartphone