British industrial group SMITHS Group fell victim to cyber attacks, impacting its global systems. The FTSE 100 company revealed that an incident had affected its internal networks worldwide but was quickly isolated.
Founded in 1851, Smiths Group is a British engineering powerhouse with a rich history spanning over 170 years. Initially known for watchmaking, the company has since evolved into a high-tech conglomerate specializing in industries such as medicine, safety, and aerospace.
Operating in over 50 countries and employing approximately 15,000 individuals, Smiths Group develops intricate engineering solutions ranging from explosives detection at airports to intricate medical devices and aircraft components.
In response to the attack, the company is implementing plans to ensure business continuity, minimize consequences, and resume operations. Cybersecurity experts are currently investigating the incident, with details regarding possible data breaches yet undisclosed.
Following the announcement of the cyber attack, Smiths Group’s stock on the exchange experienced a 2% decline. The company assured stakeholders of ongoing efforts to restore affected systems, analyze the extent of the incident, and pledged to provide updates on subsequent actions and potential repercussions.
Headquartered in London, Smiths Group is a global entity with employees worldwide. The cyber attack on the company adds to a series of similar incidents involving other British entities over the past year, including breaches targeting the Transport for London system and luxury department store Harvey Nichols.
Experts highlight the increasing frequency of cyber attacks on large corporations and critical infrastructure, underscoring the imperative for companies to diligently safeguard their digital assets through advanced cybersecurity measures.