Forwarder group’s cyber attack warning

The British International Freight Association (BIFA) is urging its members to review their cyber security policies after last year’s petya cyber attack that caused major disruption at Maersk Line and TNT.
BIFA said the cyber attacks revealed the scale of impact that security breaches can have on global logistics and supply chains, with the physical cost of rectifying the problems incurred at Maersk reported to be around $300m.
TNT parent FedEx, meanwhile, took a $300m hit on operating income.

Robert Keen, director general of BIFA said: "With businesses continuing to push for digitisation and connected systems,  it is impossible to deny the rising importance of cyber security for global supply chains.

"BIFA takes advice from various experts on this matter and we believe it would be prudent for members to review their IT-related security processes, with a view to identifying and remedying any obvious weaknesses.

“We are encouraging our members to contact a reputable IT supplier with expertise in cyber security to discuss this matter.

"BIFA has found that some insurers – especially those providing business interruption insurance policies – can also provide assistance.”

Share this story

Related Topics

Latest europe news

Forwarder ICL opens in Rotterdam

Freight forwarder International Cargo Logistics (ICL) has opened a new office in Rotterdam as part of expansion plan to develop…

Read More

Share this story

CCS-UK makes the move to new customs system

UK electronic air cargo community system, CCS-UK said it has migrated to HM Revenue and Customs’ (HMRC) new platform, CDS…

Read More

Share this story

ECS Group back on the acquisition trail

The ECS Group is back on the acquisition trail following a break in activity due to the Covid crisis. The…

Read More

Share this story

Air Cargo News

Air Cargo News
Established in 1983, Air Cargo News is the leading source of news, information, interviews, analyses and reports to the global airfreight industry. Our leading portfolio includes print, digital and events that give businesses in the airfreight industry the ability to connect with decision-makers in this sector.