Cybersecurity breach confirmed by Bragg Gaming
=========================================================
Bragg Gaming, a leading provider of gaming content and technology, recently experienced a cybersecurity incident on Saturday morning (CEST time). Despite initial concerns, the company has confirmed that no personal or customer data was compromised in the breach.
The data breach was limited to Bragg's internal computer environment, and the company has taken immediate action to address the issue. They have also enlisted the help of additional independent cybersecurity experts to assist with the matter.
The incident did not restrict Bragg from accessing any data that was subject to the breach, and the company's operational capabilities were unaffected. This effectively rules out ransomware or major data loss scenarios.
In the second quarter of 2025, Bragg reported a 5% increase in revenue to €26.1 million, driven by strong growth from proprietary content. However, the cybersecurity incident has materially affected investor confidence and the company’s stock in the short term. After the announcement, Bragg Gaming’s stock price dropped about 25%.
This decline reflects investor concerns about vulnerabilities in the high-risk iGaming industry, the company's cybersecurity resilience, and regulatory scrutiny risks. The incident also complicated the financial outlook, especially as the Q2 report already showed a net loss of €1.83 million.
Bragg has asked its customers and partners for patience as it seeks to remediate the situation and maintain transparency throughout the process. The company remains committed to data safety and is taking the incident very seriously.
References:
- Bragg Gaming confirms no customer data breach in Q2 cybersecurity incident
- Bragg Gaming's Stock Tumbles After Cybersecurity Incident
- Bragg Gaming's Q2 Net Loss Widens Amid Cybersecurity Incident
- Bragg Gaming's Cybersecurity Incident Limited to Internal Systems
- Due to the recent cybersecurity incident, Bragg Gaming, a tech-focused gaming content provider, has sought the assistance of additional cybersecurity experts to reinforce their systems, explicitly in the finance sector.
- Concurrently, investors have demonstrated apprehensions regarding the iGaming industry's security vulnerabilities, Bragg's cybersecurity resilience, and potential regulatory scrutiny, leading to a €25% decrease in the company's stock price.
