Credit: Catarina Sousa Australian logistics and delivery giant Toll Group has shut down some IT systems in response to cyber security attack. Toll Group’s logistics networks spans 1,200 locations in over 50 countries and employs 40,000 people across the globe. The company hasn’t explained what type of cybersecurity incident caused it to “deliberately shut down a number of systems across multiple sites and business units”. Toll said it was a “precautionary measure”. The action follows numerous cases of large industrial companies that have recently been forced to shut down IT systems due to ransomware infections. Norwegian metals firm Norsk Hydro in March last year . It cost the company AU$87m in lost revenue. Officials claimed to not have paid the attackers the ransom, highlighting throughout the recovery that it had solid cybersecurity insurance. Some IT systems at UK currency exchange Travelex today remain down more than due to its reported use of a vulnerable version of Pulse Secure VPN. Travelex took its site offline on New Year’s Eve and only last Thursday re-opened parts of its website to allow customers to order travel money, but some services still remained unavailable. The company faced a demand of US$6 million to regain access to its data, which was encrypted by REvil. Toll hasn’t said whether cyber attackers have demanded a ransom or if its systems were impacted by ransomware. Given similar responses to recent attacks on other companies and government organizations in recent years, ransomware would seem a likely candidate. The company explained that it is currently focussed on restoring its customer-facing applications and is working with “global cyber security experts” to get itself back online. “Our immediate focus is on bringing our systems back online in a controlled and secure manner,” Toll said in a statement. Toll Group is a huge Australian logistics company with annual revenues of nearly $9 billion last year and business units across Asia, North America, Europe, Africa and the Middle East. CSO Australia has asked Toll Group for more information and will update the story if it receives a response. Danish logistics and shipping giant of July 2017, which governments in the US, UK, and Australia blamed on Russian state-sponsored hackers rather than cybercriminal groups. Related content news Amazon debuts biometric security device, updates Detective and GuardDuty Amazon’s latest security offerings, announced at its re:Invent conference, cover everything from advanced biometrics to new tools for defeating runtime and cloud threats, including identity and access management (IAM) capabilities. By Jon Gold Nov 29, 2023 3 mins Biometrics Security Monitoring Software Threat and Vulnerability Management news Almost all developers are using AI despite security concerns, survey suggests About 96% of developers are using AI tools and nearly eight out of 10 coders are bypassing security policies to use them, while placing unfounded trust into AI’s competence and security, according to the report by Snyk. By John Mello Jr. Nov 29, 2023 4 mins Development Tools Security Practices Supply Chain news FBI probes Pennsylvanian water utility hack by pro-Iran group Federal and state investigations are underway for the recent pro-Iran hack into a Pennsylvania-based water utility targeting Israel-made equipment. By Shweta Sharma Nov 29, 2023 4 mins Cyberattacks Utilities Industry feature 3 ways to fix old, unsafe code that lingers from open-source and legacy programs Code vulnerability is not only a risk of open-source code, with many legacy systems still in use — whether out of necessity or lack of visibility — the truth is that cybersecurity teams will inevitably need to address the problem. By Maria Korolov Nov 29, 2023 9 mins Security Practices Vulnerabilities Security Podcasts Videos Resources Events SUBSCRIBE TO OUR NEWSLETTER From our editors straight to your inbox Get started by entering your email address below. Please enter a valid email address Subscribe