Radiant Logistics ransomware incident causes data exfiltration, $0.5-1M costs

RADIANT LOGISTICS, INC

Ransomware detected Dec 8, 2021; recovery substantially complete, operations fully functional.
Revenue loss in December; estimated incremental costs $0.5-$1.0M from forensic, legal, overtime expenses.
Data extraction of customer and employee data occurred before systems taken offline.
Cyber and business interruption insurance expected to partially offset negative financial impacts.
Q2 FY2022 results adversely impacted; earnings call scheduled for mid-February 2022.

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