French logistics company Gefco fall victim to cyber attack

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French logistics company Gefco fall victim to cyber attack

Gefco has admitted falling victim to an external cyber-attack aimed at „disrupting” their business earlier this month. 

Our IT team is working around the clock with our IT partners to restore our business applications. We have already made great progress in finding backup solutions,” Luc Nadal, President of the company, announced in an official video message.

Gefco claims they do not know the source of the cyber attack yet. They still refer to a “critical period” for the company but do not provide further details.

Cybercrime has long been a key threat in global supply chains,” Klaus-Peter Röhler, CEO of the German insurance company Allianz, explains to German portal dvz.de. He believes that the logistics industry may be one of the main targets of IT crime in the near future, alongside the energy sector and networked cars.

As a reminder – a container giant Maersk fell victim to hackers 3 years ago. The NotPetya attack cost the Danish ship owner about 300 million dollars, although the company could start taking orders from customers only two days afterwards. FedEx has also suffered losses because of NotPetya. The company’s revenues fell by 300 million dollars and its subsidiary TNT Express was forced to temporarily suspend its operations.

On top of that, French container line CMA CGM were hit by a cyber attack on Monday.

Photo credit @ Gefco

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