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Air Canada struck by cyberattack

Aviation, Market News, Transport
TSX:AC
21 September 2023 09:04 (EDT)

Source: Air Canada.

Air Canada (TSX:AC) was the victim of a cyberattack that has compromised the personal information of an undisclosed number of employees.

According to a statement released Wednesday, Air Canada spokesman Peter Fitzpatrick said a limited number of records were at risk but did not specify which ones, or provide any details about the timing of the attack or when the company found out about it.

“We can confirm that our flight operations systems and customer-facing systems were not affected. No customer information was accessed,” he said in the statement. “We can also confirm all our systems are fully operational. We have since implemented further enhancements to our security measures, including with the help of leading global cybersecurity experts, to prevent such incidents in the future as part of our ongoing commitment to maintaining the security of the data we hold.”

While the Montreal-based airline has been in contact with authorities, as well as the affected workers, the fallout may be only just beginning, given that it submitted a breach report to The Office of the Privacy Commissioner of Canada that is currently under review. Quebec police and the RCMP have also yet to comment.

The news follows hacks of Suncor Energy, Empire Co. and Indigo Books and Music over the past year.

Air Canada is Canada’s largest airline, providing service to more than 180 airports in Canada, the United States and internationally across six continents.

Air Canada stock (TSX:AC) last traded at $19.64 per share. The stock is up by 4.75 per cent over the past year, but down by 23.85 per cent from its one-year high.

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