Smiths Group: Shares fall as engineering giant hit by cyber attack


Global engineering firm Smiths Group has reported a cyber security incident involving unauthorised access to its systems. Upon detecting the breach, the firm promptly isolated the affected systems and activated its business continuity plans to mitigate disruptions.

The company, known for its baggage screening equipment and explosive detectors, is collaborating with cyber-security experts to restore the compromised systems.

Read more…
Source: MSN News


Sign up for our Newsletter


Related:

  • Are Cross-Protocol Attacks The Next Big Cybersecurity Danger?

    May 8, 2017

    In the digital world we live in, technologies are rapidly evolving. Cyber threats are not lagging behind. While developers build more and more complex programs, hackers find new, smarter ways to attack. New threats can break connections that were considered highly secure until recently. One specific and recent example are the so-called cross–protocol attacks. They make it ...

  • DDoS Attacks Can Cost Businesses Up to $2.5M Per Attack, Report Says

    May 2, 2017

    The time to respond and mitigate DDoS attacks can be costly for companies, and some businesses can lose roughly $2.5 million on average per attack, a research report released today said. Neustar, an analytics firm that sees swathes of DDoS attack telemetry daily, boiled down some of the figures in a dispatch, its annual Worldwide DDoS Attacks and Cyber Insights ...

  • Global investors lose billions to cyber attacks, report says

    April 12, 2017

    Cyber security attacks have wiped at least $52.4 billion (42 billion pounds) off the value of shares in recent years, according to a report published Wednesday. The study by cyber security consultant CGI and Oxford Economics found that a “significant connection between a severe cyber breach and a company’s share price performance” meant that share prices ...

  • Three Quarters of UK Firms Reported Data Breaches or Infections in 2016

    March 17, 2017

    Security issues among British companies are extremely high, with 75% of firms admitting they have experienced a data breach in the last year. The data comes from a research ordered by Cyren, a cloud-based security company, and indicates that when it comes to businesses with 1000 or fewer employees, the figure rises to 85%. “There is a ...

  • ABTA hack sees personal details of 43,000 people exposed

    March 16, 2017

    Yahoo, Adult Friend Finder, LinkedIn, Tumblr and Daily Motion all have something in common: in 2016, details of massive hacks perpetrated against the companies were disclosed. The firms represent a handful of the companies and public bodies around the world that suffered at the hands of hackers last year. Data compromised usually included names, emails, ...

  • Why is incident response automation and orchestration so hot?

    March 16, 2017

    I couldn’t attend the RSA Conference this year, but many cybersecurity professionals and my ESG colleagues told me that incident response (IR) automation and orchestration was one of the hottest topics in the halls of the Moscone Center—through the bar at the W hotel and even at the teahouse on the garden at Yerba Buena. Was ...