Why board of directors have to be concerned with cyberattack: Fedex still reels from June attack

Interesting to see the real-life consequences of a cyberattack. More than two months after a cyber-attack in Europe, some of FedEx processes still have to be handled manually and the annual earnings could be 4% to 7% lower because of this incident.  Fedex said it didn’t have insurance in place that would cover the cyberattack. They were infected by the Wannacry ransomware, and the virus entered through a tax software used in the Ukraine. This demonstrates that board of directors of smaller companies also should be concerned with Cybersecurity, since their infrastructures can be used to penetrate a large partner.