Medical device maker Boston Scientific is being hit by a cyberattack. The shares are falling
The attack has disrupted the company's ability to ship products, and it's not clear when services will be restored.
Boston Scientific disclosed on Tuesday that it had identified a cybersecurity incident affecting some of its information technology systems, which had caused disruptions to its operations. In premarket trading on Wednesday, the company's shares fell by 4%. The incident has resulted in disruptions and limitations of access to certain systems and business applications essential to operations, including the ability to process and ship customer orders. The company anticipates that these disruptions will persist.
Boston Scientific commenced an investigation in collaboration with third-party cybersecurity experts to assess and contain the threat. The investigation is still underway. The timeline for the complete restoration of the affected systems remains unknown. The company stated that the full scope of the incident and whether it could lead to a material impact are yet to be determined.
At present, the extent of the incident and its potential material impact are not yet known. This information was generated with the aid of AI and subsequently reviewed by an editor. For additional details, please refer to the article's Terms and Conditions.
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