Boston Scientific (NYSE:BSX) disclosed on Tuesday that a cybersecurity incident has affected some of its information technology systems, disrupting parts of the medical device company’s operations.
Shares of Boston Scientific fell 4% in premarket trading on Wednesday following the disclosure.
Order processing and shipments affected
The company said the incident has restricted or disrupted access to certain information systems and business applications used in its operations.
Among the affected functions are Boston Scientific’s ability to process customer orders and ship products. The company expects the operational disruption and limitations on system access to continue for the time being.
Boston Scientific has launched an investigation into the incident and is working with third-party cybersecurity specialists to assess the situation and contain the threat.
Full impact of cyber incident remains unclear
The investigation remains underway, and Boston Scientific has yet to establish a timetable for the complete restoration of the affected systems.
The company also said it has not yet determined the full scope of the cybersecurity incident or whether the disruption could ultimately have a material impact on its business.
With key operational systems still affected, investors are likely to monitor the duration of the disruption and any further information regarding customer orders, product shipments and the potential financial consequences.
Boston Scientific stock price
