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FINWIRES

Cyber Power Systems Hit By Cyberattack

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Cyber Power Systems (TPE:3617) said unidentified hackers gained unauthorized access to parts of its systems and encrypted certain server data, according to a Thursday Taiwan Exchange filing.

Shares gained over 1% in Friday's late morning trade.

The company activated its cybersecurity response and recovery mechanisms immediately after the breach was discovered. External cybersecurity firms and experts were also brought in to assist with the investigation and remediation efforts.

Cyber Power said the incident is not expected to have any material impact on its financial condition or business operations.

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