Medical device maker Boston Scientific is being hit by a cyberattack. The shares are falling
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Medical device maker Boston Scientific is being hit by a cyberattack. The shares are falling

CNBC business

Key Points:

  • Boston Scientific disclosed a cyberattack this week that is disrupting access to its information systems and shipment services, impacting its operations.
  • The company is working to restore affected systems but has not provided a timeline for full recovery.
  • Shares dropped 4.5% following the announcement, continuing a downward trend after a weak profit forecast earlier this year.
  • Analysts estimate it may take up to three weeks for Boston Scientific to resume normal shipping and business operations.
  • The disruption is expected to negatively affect sales, compounding challenges amid already slowing sales growth.

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