Radiant Logistics Cyberattack Update
While the cyberattack on Radiant Logistics caused service disruptions for customers in Canada, efforts to restore systems were underway, with completion anticipated within the week. Fortunately, operations in the U.S. and other international territories remained unaffected by the attack.
“Upon detection, the Company immediately initiated its incident response and business continuity protocols and began taking measures to disrupt the unauthorized activity. As part of its process to address the incident, the Company proactively took measures to isolate its Canadian operations from the rest of its network and engaged the services of cybersecurity and forensics professionals to further assess, contain, and remediate the incident”, reads the SEC filing.
As of the date of this filing, ongoing investigations indicate that the incident has not disrupted the company’s overall operations. Furthermore, the company has yet to ascertain that the incident is likely to have a material impact on its financial conditions or operational results.
The Cyber Express has also reached out to the logistic organization to learn more about this Radiant Logistics cyberattack and any involvement of ransomware groups. In their response, the organization stated, “The incident has not had a material impact on the Company’s overall operations, and the Company has not determined the incident is reasonably likely to materially impact the Company’s financial conditions or results of operations.”
Previous Instances
Despite the setback, Radiant Logistics reassured stakeholders that the incident would not likely have a financial impact on the company.
Radiant Logistics, with approximately billions in annual revenue, serves as a crucial logistics partner for domestic and international freight companies, manufacturers, distributors, and retailers.
However, this isn’t the first time the company has faced cybersecurity challenges. On September 1, 2022, Radiant Logistics reported a data breach to the Montana Attorney General after discovering unauthorized access to certain files on its network.
Although the specific data compromised in the breach remains undisclosed, the company initiated outreach efforts, sending data breach notifications to affected parties in compliance with state regulations. While the full extent of the impact of both incidents is yet to be determined, Radiant Logistics remains focused on bolstering its cybersecurity measures to safeguard against future threats.
Media Disclaimer: This report is based on internal and external research obtained through various means. The information provided is for reference purposes only, and users bear full responsibility for their reliance on it. The Cyber Express assumes no liability for the accuracy or consequences of using this information.
