Boston Scientific left nursing its bottom line after cyberattack
Boston Scientific says its August 25 network intrusion will materially hit third-quarter and full-year sales and earnings, likely missing guidance.
Boston Scientific detected unauthorized activity on its network on August 25 and took systems offline, disrupting order processing and shipping operations worldwide. In an SEC filing, the medical device maker warned of a material impact on Q3 and full-year results, making it unlikely to meet the net sales growth and adjusted EPS guidance issued in July. Its distribution network has been substantially restored, sterilization facilities are operational, manufacturing resumed at most sites, and an interruption affecting cardiac device remote-monitoring activations was resolved. The company has not revealed the attack vector, whether ransomware was involved, or whether data was stolen; no ransomware group has claimed responsibility and the investigation continues.
- Intrusion detected August 25; systems taken offline to contain it
- Material financial impact expected on Q3 and full-year results; July guidance likely missed
- Distribution, sterilization and most manufacturing restored; cardiac remote-monitoring issue resolved
- No evidence of ongoing unauthorized access; attribution and data theft still unconfirmed
- Vendors
- Boston Scientific
- Victims
- Boston Scientific
- Organizations
- SEC
From the original article
2 min read at theregister.comMedical device giant warns August intrusion will hit Q3 and full-year sales and earnings as recovery drags on
By Carly Page · theregister.com
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