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p style=”text-align: justify;”>Smiths Group, a London-listed engineering firm operating in energy, security, aerospace, and defence, has reported a cybersecurity incident involving unauthorised access to its systems. The company has taken immediate steps to mitigate potential disruptions and contain the breach. In a statement issued to the London Stock Exchange, Smiths Group confirmed the detection of unauthorised activity and outlined measures to protect business continuity, including isolating affected systems and ensuring normal operations are maintained.
The company emphasized its commitment to safeguarding operations, stating that swift action was taken to minimize the impact of the breach. Smiths Group is actively restoring affected systems and assessing the impact on its business operations. However, the company has not provided specific details about the nature of the cyberattack, though indications suggest it may have been a ransomware incident, given the common practice of taking systems offline in such cases.
Impact and Response
Following the announcement of the cybersecurity breach, Smiths Group’s share price dropped by nearly 2%. The company is collaborating with cybersecurity experts to assess the extent of the breach and facilitate the restoration of affected systems. While Smiths Group has confirmed adherence to regulatory requirements, it has not disclosed details about the cause of the incident, the exact timing of its discover
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