Boston Scientific Misses Sales Growth Forecasts After Cyber Attack
· Business · Bloomberg, Yahoo Finance
Boston Scientific Corp. stated that a recent cybersecurity incident has severely hampered its product shipping capabilities. The disruption to its logistics and distribution channels will cause the medical devices company to fall short of its projected sales growth targets. The exact duration of the shipping backlog and the full extent of the operational disruption remain unconfirmed. Investigators have not publicly detailed the nature of the cyber attack or identified any responsible actors.
Why it matters
Hospitals and medical providers relying on Boston Scientific's devices face potential supply chain delays, while investors must reckon with downgraded financial performance.
Read the original report — Bloomberg
Join us on Telegram
Breaking news the moment it lands. At 10,000 members we ship the Android app.