BRP Inc. - President and CEO, José Boisjoli
President and CEO, José Boisjoli
Source: Trade Only Today
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  • BRP’s (DOO) efforts to restore systems and business operations are continuing following a recent cyberattack
  • BRP manufacturing sites in Canada, Finland, Austria and the U.S. are expected to be fully operational on August 16
  • BRP believes that the impact of the cyberattack was limited to its internal systems
  • The investigation has not revealed any evidence that its clients’ personal information has been impacted by the attack
  • BRP has put in place a recovery plan to minimize the financial consequences of the cyberattack and does not anticipate any impact on its year-end financial results
  • BRP is a global leader in boats, powersports products and propulsion systems
  • BRP (DOO) opened trading at C$100.57

BRP’s (DOO) efforts to restore systems and business operations are continuing following a recent cyberattack.

BRP manufacturing sites in Canada, Finland, Austria and the U.S. are expected to be fully operational on August 16.

BRP’s team, with the assistance of external advisors, are currently working to restore all internal systems from its back-up repositories. The company confirms that the malware infiltration came through a third-party service provider. BRP believes that the impact of the cyberattack was limited to its internal systems.

At this time, while the investigation is still ongoing, it has not revealed any evidence that its clients’ personal information would have been affected by the attack. BRP expects that the impact of this incident from a data privacy perspective should be limited. Should the circumstances change, BRP would directly contact individuals or corporations impacted.

“Cybersecurity at BRP is a top priority. We have a strong team of experts committed to taking every appropriate measure to ensure the integrity of systems and data,” said José Boisjoli, President and CEO of BRP.

“I thank them for all their efforts to mitigate the consequences of the attack.”

BRP has put in place a recovery plan to minimize the financial consequences of the cyberattack and does not anticipate any impact on its year-end financial guidance.

BRP is a global leader in boats, powersports products and propulsion systems.

BRP (DOO) opened trading at C$100.57.


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