Published by Global Banking & Finance Review®
Posted on January 28, 2025
1 min readLast updated: January 27, 2026
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Smiths Group faces a cybersecurity breach affecting operations, causing a 2.3% share drop. The firm is working on system recovery and regulatory compliance.
(Reuters) -British engineering firm Smiths Group is managing a cybersecurity incident that involved unauthorised access to its systems, the company said on Tuesday, sending its shares down as much as 2.3% in early trade.
The company, best known for making baggage-screening kits and explosive detectors, said it had isolated the affected systems when it became aware of the incident.
Smiths Group said it was working with experts to recover its systems and to determine any wider impact. It added it would comply with all relevant regulatory requirements.
The company did not provide further details and said it would give further updates as and when appropriate.
(Reporting by Yadarisa Shabong in Bengaluru; Editing by Savio D'Souza)
Smiths Group is managing a cybersecurity incident involving unauthorised access to its systems.
The company is best known for making baggage-screening kits and explosive detectors.
Smiths Group has isolated the affected systems and is working with experts to recover its systems.
Yes, the company stated it would give further updates as and when appropriate.
The company has confirmed it will comply with all relevant regulatory requirements.
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