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LONDON - Smiths Group (OTC:SMGZY) plc, a global technology company, has reported a cyber security incident involving unauthorized access to its systems. The breach was identified by the company, which swiftly isolated the affected systems and implemented its business continuity plans to mitigate the impact.
The incident, which came to light on Monday, prompted the company to engage cyber security specialists to assist with the recovery of the affected systems and to assess the potential broader implications for the business. Smiths Group is also taking necessary actions to adhere to all pertinent regulatory obligations.
While the full extent of the incident is still being determined, Smiths Group has stated it will provide additional information as it becomes available. The company has not disclosed any details regarding the identity of the attackers or whether any customer or employee data was compromised.
Smiths Group, with a history spanning over 170 years, operates in diverse markets including energy, safety & security, aerospace & defense, and general industrial sectors. The company, which is traded on the London Stock Exchange (LON:LSEG), employs approximately 15,000 people across more than 50 countries.
This incident underscores the growing challenges that corporations face in safeguarding their digital infrastructures from unauthorized access and cyber threats. The company's prompt response highlights the importance of having robust security measures and response plans in place.
Investors and stakeholders are advised to watch for further updates from Smiths Group as the situation develops. The information regarding this incident is based on a press release statement issued by the company.
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