(Montreal) Dorel Industries suffered a cybersecurity incident last month that saw an unauthorized third party gain access to some of its systems, they announced Monday.
The Montreal manufacturer of childcare and home products explained that it became aware of the incident on March 29, and claims to have immediately sought the help of experts in the sector and other advisers.
Dorel said it has taken steps to ensure the security of its business operations, including taking certain systems and services offline. Parts of its business operations have been “temporarily” put on hold, but its systems are now under control and its services are up and running, she added.
The incident is expected to impact Dorel’s first-quarter revenue of between US$12 million and US$15 million, the company calculated, and further expects most of that decline is recovered during the second quarter.
The unfavorable impact on net earnings for the first quarter is expected to be between US4 million and US5 million, an amount that primarily includes the margin on lost revenue.
Dorel is due to release its first quarter results on May 15.