FedEx claimed that the NotPetya cyber attack, which originated from tax preparation software in Ukraine and resulted in the disruption of communications systems at TNT Express, the international freight transportation group it bought in 2016, cost the company $300 million in the first quarter ended on August 31. Along with the cyber attack, Hurricane Harvey, which caused deadly flooding in parts of Texas, also hurt the quarterly earnings for the Tennessee-based parcel delivery company.
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