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In case they needed one, the transportation and logistics industry got a reminder — in the form of the ransomware attack on Colonial Pipeline — of the kind of havoc hackers can wreak on businesses and their customers. The shutdown of a vital supplier of the diesel that keeps trucks moving could just as easily have happened to a major truckload carrier or any other company in the supply chain.
And chances are a catastrophic attack will hit the industry — again. In 2020, the big ones struck
Forward Air (NASDAQ: FWRD) and CMA CGM, causing widespread disruption to their complex operations. Meanwhile smaller companies keep getting hit on a regular basis.