Boston Scientific hit by cyberattack, global operations affected
Read a summary of this article on FAST.
Get bite-sized news via a new
cards interface. Give it a try.
Click here to return to FAST
Tap here to return to FAST
FAST
Aug 26 : Boston Scientific said on Wednesday that a cybersecurity incident had disrupted global operations, including some information systems used to process and ship customer orders.
The medical device maker said it detected the incident on August 25 and had activated incident-response procedures, working with third-party cybersecurity specialists to investigate and contain the threat.
Shares of the company fell about 4 per cent in morning trading.
• The incident is the latest in a series of cyberattacks to hit the healthcare sector, with medical device makers Abbott Laboratories, Stryker and Medtronic, health insurer Clover Health, drugmaker Novo Nordisk and drug-delivery equipment supplier West Pharmaceutical Services among those recently hit.
Guess Word
Crack the word, one row at a time
Buzzword
Create words using the given letters
Mini Sudoku
Tiny puzzle, mighty brain teaser
Mini Crossword
Small grid, big challenge
Word Search
Spot as many words as you can
• The attack is expected to continue affecting parts of the company’s business while recovery efforts are underway, Boston Scientific said.
• Evercore ISI analyst Vijay Kumar said Stryker’s cybersecurity incident earlier this year took about three weeks to resolve and assuming a similar recovery timeline, Boston Scientific could face a roughly 600 to 700 basis-point impact on third-quarter revenue.
• Boston Scientific said it has not determined whether the incident was reasonably likely to have a material impact on its business.
• An investigation is ongoing, but the full scope and nature of the incident have not yet been determined, the company said.
Source: Reuters
Sign up for our newsletters
Get the CNA app
Stay updated with notifications for breaking news and our best stories
Get WhatsApp alerts
Join our channel for the top reads for the day on your preferred chat app
Get bite-sized news via a new
cards interface. Give it a try.
Click here to return to FAST
Tap here to return to FAST
FAST
About The Author
