Boston Scientific announced on Tuesday that it has identified a cybersecurity incident affecting select information technology systems. The company said the issue has produced disruptions and limited access to certain information systems and business applications that are relevant to its operations.
In its statement, Boston Scientific specifically cited limitations that include the ability to process and ship customer orders. The company indicated it expects these disruptions to continue while it works to address the situation.
To address and contain the incident, Boston Scientific said it has launched an investigation with support from third-party cybersecurity experts. The probe remains active, and the company indicated it is continuing efforts to evaluate the nature and extent of the incident.
At the time of the announcement, Boston Scientific said the timeline for a full restoration of affected systems was not yet known. The company also stated that the full scope of the incident and whether it may result in a material impact to the firm are not yet known.
Market reaction was immediate: shares fell 4% in premarket trading Wednesday after the disclosure.
Operational status and next steps
Boston Scientific has limited access to certain applications and systems used in its business operations and has flagged interruptions to its order processing and shipping functions. The company has engaged outside cybersecurity specialists to assist with the investigation and containment efforts. No timeline for full recovery was provided.
Uncertainties highlighted by the company
- The company said the investigation is ongoing and third-party experts are assisting.
- Boston Scientific has not provided a timeline for when affected systems will be fully restored.
- The firm has not yet determined the full scope of the incident or whether it will have a material impact.
Boston Scientific's disclosure underscores continuing operational limitations while the company works through its cybersecurity response. Additional updates will depend on the outcome of the ongoing investigation and remediation activities.