WannaCry Attack in FedEx: Risk Identification, Assessment, and Resolution

Running head: CORPORATE RISK MANAGEMENT
Wannacry Attack
Name of Student-
Name of University-
Author’s Note-

1CORPORATE RISK MANAGEMENT
Introduction
Recent survey in U.S. discovered that many organization in United States were attacked
by the WannaCry ransomware attack. The ransomware attack targets the computer that runs
Microsoft Windows operating system. These encrypts data as well as demands for the ransom
payment, mainly in Bitcoin cyptocurrency (Ganame et al., 2017). WannaCry propagates via
EthernalBlue in the Microsoft. WannaCry Ransomware attack has engulfed many of the
organizations in United Kingdom. The government of UK have introduced resilience plans
alerting all the organization and also set action plan for improving the resilience.
This report elaborates the WannaCry Ransomware attack that took place in FedEx
organization The FedEx Corporation had a financial damage of about 300$ million. The FedEx
Corporation deals with delivery around the world. With the attack of virus in the computer
system of the corporation, the delivery was slowed down. This report defines the pre-incident,
post-incident and the problems that were faced by FedEx during the WannaCry attack.
Pre-Incident of WannaCry attack in FedEx (Risk Identification)
FedEx is basically a courier service which is abbreviated from Federal Express (Wirth
2018). The corporation is well known for its shipping system and is also includes a system that
can track the packages with real time. On June 28 2017, FedEx experience some issues with
Microsoft Corp Windows. Some of its systems were interfered with Windows system that were
caused by some malware. In the WannaCry Ransomware attack, all total of 300,000 machines
over 150 countries were impacted. FedEx had to face major result due to the Ransomware attack.
Their delivery service slowed down which infected their services over the whole world (Taddeo
& Floridi, 2018). The malware of WannaCry attacked FedEx through a product of Ukrainian tax

2CORPORATE RISK MANAGEMENT
software. The financial damage due to the malware attack faced by FedEx was about $300
million. Mainly the TNT unit of the FedEx was affected and needed most advanced technologies
for the recovery.
Along with the financial damage, the corporation also faced slower shipments due to the
computer virus and the TNT unit of the organization was forced to do all the transaction through
hand. The cyber-attack that took place in FedEx prompted the corporation to accelerate all
process for combining the TNT unit with the unit of Express air shipping. This was done to
reduce the exposure to other technology systems. Before the incident took place, FedEx
Corporation acquired TNT for about $4.8 billion in 2016, having a spread parcel-delivery system
all over Europe so that it can compete with other delivery services in Europe (Mansfield-Devine,
2017). Just before the cyber-attack, FedEx reported the results of TNT as the part of Express
Division. The TNT unit of the FedEx Corporation mainly serves automotive, industrial, high tech
industries as well as in health-care industries.
The TNT unit of the shipping company was affected by virus that has affected all the
computer system in United States, Asia, and Europe. More than 200 countries takes service from
FedExWith the cyber-attack in the corporation, the TNT unit has experienced disrupted working
process in its operations and in the communication system (Bouda, 2017). As FedEx TNT
Express provided services to all the domestic country and to the regional network, due to the
WannaCry ransomware attack, all those working were slowed down.