Angling Direct (LON: ANG) shares have taken a tumble after it was hit by a cyberattack over the weekend.
The company said it is “currently managing a cyber security incident after detecting unauthorised activity on its network late on Friday 5 November 2021.”
The activity shut down the company's websites, which remained inactive as of Monday morning. In addition, some of the company's social media accounts have also been impacted, although Angling's retail stores across the UK have remained open and continue to trade.
While Angling said it is too soon to know the incident's effect on personal data, it made clear that it does not hold any customer financial data, with website transactions handled by third parties.
The company has appointed external cyber security specialists to establish what happened.
Angling shares have, as anticipated, fallen following the news. They are currently trading at 67.2p, down over 2.5% from Friday's close.
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Sam is a trader and lead stock market writer at AskTraders. After starting his career in the forex market, Sam now focuses on stocks, specifically consumer staples.