Bragg Gaming Group has confirmed that the cyberattack it faced in mid-August has been dealt with and left no lasting issues. The company said there’s still no sign that any personal information was taken during the incident on August 16, mentioning that its revenue and profitability were not affected, and the costs tied to the
Bragg Gaming Group has confirmed that the cyberattack it faced in mid-August has been dealt with and left no lasting issues.
The company said there’s still no sign that any personal information was taken during the incident on August 16, mentioning that its revenue and profitability were not affected, and the costs tied to the response are not expected to impact its finances.
When the incident was first reported, Bragg explained that the breach was limited to its internal systems.
Bragg CEO Matevž Mazij shared in a statement:
“With our cybersecurity incident contained and our borrowing costs cut by more than half, we are laser-focused on executing our strategic shift toward higher-quality earnings. The Company is prioritising margin and cash generation over lower-margin revenue, and synergies realised post-quarter end to become a leaner operation.
We’ve already realized €2m in annualized synergies and are on track to achieve our 20 per cent adjusted EBITDA margin target for the second half of 2025.”
Alongside resolving the cyber incident, Bragg has also secured a new financing deal with the Bank of Montreal, giving it access to US$6m in credit.