Smiths Group Hit by Cyber Incident

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UK-based engineering firm Smiths Group has experienced a cyber incident involving unauthorised access to its systems, Reuters reported.

Photo of closeup of programming code and language as Smiths Group is Hit by a Cyber Incident

The cyber-attack happened on Tuesday, according to the company, sending its shares down to 2.3% in early trade.

Swift Response and Business Continuity Plans 

The firm swiftly isolated the affected systems, once the attack hit, and activated its business continuity plans to mitigate disruptions.

Smiths Group cyber incident led to an immediate response from the company to safeguard operations.

Working with Experts for Recovery 

Smiths Group said it was working with experts to recover its systems and would comply with all relevant regulatory requirements.

The news comes after Fortune 500 reported that 72% of engineering companies scored D or lower in cybersecurity.

Background on Smiths Group

Founded in 1851, Smiths Group is a $7.23bn company that designs and manufactures control systems and instruments for defense, aerospace, and communication sectors.

The company has yet to provide any further comment on this matter.