Boston Scientific hit by cyberattack, global operations affected

By Sahil Pandey

Aug 26 (Reuters) - ‌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% ​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.

• 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.

(Reporting by Sahil Pandey in Bengaluru; Editing by Tasim Zahid and Jonathan ‌Ananda)

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