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