An international freight technology company has announced that it has taken the decision to cut off a portion of its business operations in Canada following a cyberattack. The company, known as Radiant Logistics, has not responded to inquiries regarding whether the attack was related to ransomware.
According to documents filed with U.S. regulators, the company detected the early stages of a cybersecurity incident affecting its Canadian operations on March 14. Radiant Logistics specializes in providing services such as warehouse and distribution, customs brokerage, order fulfillment, and inventory management.
In a filing with the Securities and Exchange Commission, the company stated that it activated its incident response and business continuity protocols immediately upon detection of the cyberattack. The company took steps to isolate its Canadian operations from the rest of its network and engaged cybersecurity and forensics experts to assess, contain, and remediate the incident.
As a result of the cyberattack, customers in Canada have experienced service delays. However, Radiant Logistics has assured that the issues will be resolved within the next week, and that its operations in the U.S. and internationally have not been affected.
Despite the impact of the attack, the company believes that it will not have a significant financial impact. No ransomware gang has claimed responsibility for the incident.
With approximately $1 billion in annual revenue, Radiant Logistics provides logistics services to domestic and international freight companies, manufacturers, distributors, and retailers. This incident marks the second cyberattack targeting logistics software used by major trucking operations within the last six months.
Ransomware gangs have increasingly targeted companies involved in critical infrastructure, with recent attacks on companies like Americold and Sysco causing significant disruptions to manufacturers in 2023.
