Hello. Boston Scientific said it likely won't meet its financial guidance due to the August cyberattack that has disrupted the manufacturing and shipping of its medical devices.
Operations still aren't fully restored and the company expects to fall short of sales and adjusted per-share earnings guidance for the third-quarter and full year, according to a filing Tuesday with the Securities and Exchange Commission.
"The Company anticipates recovering some portion of the impacted revenue as it continues to ramp operations globally, fulfill customer orders and reduce remaining backlogs, however the full impacts are not yet known," the filing said.
Boston Scientific said it would disclose more about the financial results of the hack Oct. 28.
Related from WSJ Pro: Boston Scientific Stock Price Drops After Cyberattack Triggers Global Outage
More news below.
More Cyber News
An Anthropic researcher is quitting the AI industry over fears that the lab and its competitors are racing to build systems they won't be able to control, a sign of mounting safety concerns within top AI companies.
Jacob Coxon, a 27-year-old researcher who specializes in training new AI models, said Tuesday that he is leaving the company because he doesn't want to participate in an industrywide rush to build AI systems that can improve themselves, worried such systems could spiral out of control and destroy humanity. (WSJ)
Medical tech company Veradigm disclosed the breach of patient data through the hacking of a third-party vendor. "The unauthorized party used these credentials to download copies of certain personal data of patients, including, in some instances, Social Security numbers; no clinical or medical data was involved," the company said Tuesday in an SEC filing. Veradigm didn't disclose the amount of data or number of patients compromised.
U.S. security agencies on Tuesday accused six Chinese artificial intelligence companies of systematically exploiting American AI models to train their own systems. The agencies, including the National Security Agency and the Federal Bureau of Investigation, said the Chinese companies have engaged in "aggressive, malicious, and targeted distillation activities at an industrial scale." (WSJ)
Hackers backed by the Chinese government allegedly used a fully autonomous AI ploy to attack government systems in Taiwan, according to Dream, an Israeli cybersecurity startup. (NBC News)
Number of vulnerabilities addressed in Microsoft's latest batch of patches, released Tuesday. It's a record number for a single month, thanks to AI tools helping in bug discovery. (Security Week)
Google is now releasing updates to its Chrome browser every two weeks, instead of monthly, as AI produces a deluge of bugs to fix. (TechCrunch)
How to break it to your parents that they're being scammed. Loved ones can borrow from the playbooks of JPMorganChase and other banks, which are using behavioral science to guide how they talk with victims. (WSJ)
About Us
The WSJ Pro Cybersecurity team is Deputy Bureau Chief Kim S. Nash and reporters Angus Loten and James Rundle. Follow us on X @WSJCyber. Reach the team by replying to any newsletter you receive or by emailing Kim at kim.nash@wsj.com.
Forwarded this email by a friend? Sign up here.