BRP REPORTS CYBERATTACK
On August 8, 2022, BRP Inc. (TSX:DOO) experienced a significant cybersecurity incident, prompting immediate containment measures. The company has engaged IT professionals and cybersecurity experts to secure its systems and investigate the breach. Operations are currently suspended, which may lead to delays in transactions with customers and suppliers. BRP cautions that the impact of this incident on future business is uncertain and may involve risks that could significantly differ from current expectations.
- The company is actively addressing the cybersecurity threat by employing IT professionals and cybersecurity experts.
- BRP remains committed to securing its systems and investigating the incident thoroughly.
- Operations have been temporarily suspended, which could disrupt transactions and affect revenue.
- The uncertainty surrounding the impact of the cybersecurity incident may pose risks to future business performance.
VALCOURT, QC, Aug. 9, 2022 /PRNewswire/ - 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.
Certain information included in this release, including, but not limited to, statements relating to the impact this malicious cybersecurity activity will have on BRP's operations, about the Company's current and future business and strategic plans, and other statements that are not historical facts, are "forward-looking statements" within the meaning of Canadian and United States securities laws. Forward-looking statements are typically identified by the use of terminology such as "may", "will", "would", "should", "could", "expects", "forecasts", "plans", "intends", "trends", "indications", "anticipates", "believes", "estimates", "outlook", "predicts", "projects", "likely" or "potential" or the negative or other variations of these words or other comparable words or phrases. Forward looking statements, by their very nature, involve inherent risks and uncertainties and are based on several assumptions, both general and specific. BRP cautions that its assumptions may not materialize and that current economic conditions render such assumptions, although reasonable at the time they were made, subject to greater uncertainty. Such forward-looking statements are not guarantees of future performance and involve known and unknown risks, uncertainties and other factors which may cause the actual results or performance of BRP to be materially different from the outlook or any future results or performance implied by such statements. Further details and descriptions of these and other factors are disclosed in BRP's annual information form dated March 24, 2022.
We are a global leader in the world of powersports products, propulsion systems and boats built on 80 years of ingenuity and intensive consumer focus. Our portfolio of industry-leading and distinctive products includes Ski-Doo and Lynx snowmobiles, Sea-Doo watercraft and pontoons, Can-Am on and off-road vehicles, Alumacraft and Quintrex boats, Manitou pontoons and Rotax marine propulsion systems as well as Rotax engines for karts and recreational aircraft. We complete our lines of products with a dedicated parts, accessories and apparel portfolio to fully enhance the riding experience. With annual sales of CA
Ski-Doo, Lynx, Sea-Doo, Can-Am, Rotax, Alumacraft, Manitou, Quintrex, and the BRP logo are trademarks of Bombardier Recreational Products Inc. or its affiliates. All other trademarks are the property of their respective owners.
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SOURCE BRP Inc.
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