SAINT-BRUNO-DE-MONTARVILLE, Quebec, Aug. 07, 2025 (GLOBE NEWSWIRE) -- Colabor Group Inc. (“Colabor” or the “Company”) (TSX: CGL) wishes to provide an update following its announcement on July 21st regarding a cybersecurity incident that impacted its internal IT systems. Upon detecting the incident, Colabor retained and worked with leading external cybersecurity experts to contain and investigate it.
Related Questions
What specific operational disruptions have been identified, and what is the timeline for full restoration of internal IT systems?
Will the incident have any impact on the company’s credit facilities, covenants, or insurance coverage terms?
What costs have been incurred or are anticipated for the external cybersecurity experts, remediation efforts, and potential regulatory compliance?
Could the incident trigger any material adverse change (MAC) clauses in existing contracts or financing agreements?
Has the company disclosed any potential data breaches involving customer or partner information, and what are the associated liability risks?
Is there any indication that the incident could lead to a breach of confidential strategic plans or affect upcoming M&A or partnership activities?
What steps is Colabor taking to prevent future incidents, and how will these measures be reflected in its risk management framework?
What is the expected short‑term impact of the cybersecurity incident update on CGL’s share price?
How does this cybersecurity incident compare in scope and severity to recent incidents reported by peer companies in the sector?
How might the incident affect Colabor’s projected earnings and cash flow for the current quarter and fiscal year?