Aug 26 (Reuters) – Boston \u2060Scientific said on Wednesday that a cybersecurity incident \u2060had disrupted global operations, including some information systems \u200cused to process and ship customer orders.<\/p>\n
The medical device maker said it detected the incident on August 25 and had activated incident-response procedures, \u200bworking with third-party cybersecurity specialists to \u2060investigate and contain the \u2060threat.<\/p>\n
Shares of the company fell about 4% in morning trading.<\/p>\n
\u2022 \u2060The \u200cincident is the latest in a series of cyberattacks to hit the healthcare sector, with \u2060medical device makers Abbott Laboratories, Stryker and Medtronic, \u200bhealth insurer \u200cClover Health, drugmaker Novo Nordisk and drug-delivery equipment supplier \u2060West Pharmaceutical \u200bServices among those recently hit.<\/p>\n
\u2022 The attack is expected to continue affecting parts of the company’s business while recovery efforts \u2060are underway, Boston Scientific said.<\/p>\n
\u2022 Evercore \u200bISI analyst Vijay Kumar said Stryker’s cybersecurity incident earlier this year took about three weeks to resolve and assuming a \u2060similar recovery timeline, Boston Scientific could face a roughly 600 to 700 basis-point impact on third-quarter revenue.<\/p>\n
\u2022 Boston Scientific said it has not determined whether the incident was \u200breasonably likely to have a material \u2060impact on its business.<\/p>\n
\u2022 An investigation is ongoing, but the \u200bfull scope and nature of \u200cthe incident have not yet been \u200bdetermined, the company said.<\/p>\n
(Reporting by Sahil Pandey in Bengaluru; Editing by Tasim Zahid and Jonathan Ananda)<\/p>\n","protected":false},"excerpt":{"rendered":"Aug 26 (Reuters) – Boston \u2060Scientific said on Wednesday that a cybersecurity incident \u2060had disrupted global operations, including…\n","protected":false},"author":2,"featured_media":872371,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[34],"tags":[49,48,84,392,61],"class_list":["post-872370","post","type-post","status-publish","format-standard","has-post-thumbnail","category-healthcare","tag-ca","tag-canada","tag-health","tag-healthcare","tag-technology"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/872370","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/comments?post=872370"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/872370\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media\/872371"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media?parent=872370"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/categories?post=872370"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/tags?post=872370"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}