As a former employee, shareholder and knowing people who work for BRP, I'm saddened to see this short press release this morning:
"August 9, 2022 at 9:00 AM EDT
Valcourt, Quebec, Canada, August 9, 2022 – On Monday, August 8, 2022, BRP Inc. (TSX:DOO; NASDAQ:DOOO) determined that it was the target of malicious cybersecurity activity. BRP took immediate measures to contain the situation.
The Company has activated its internal network of IT professionals and retained the services of cybersecurity experts to assist in securing its systems and support its internal investigation.
Operations have been suspended temporarily, which may delay certain transactions with customers and suppliers."
At least, BRP didn't hesitate to make a public announcement and take immediate action. Now... how long will it take for production to get back to normal? How much will it cost the company? What will be the impact on its reputation?
At this time, the stock is down by a little bit over 2%.
#cybersecurity #cyberattack #canada