According to multiple reports, Stryker (NYSE:SYK) has made significant strides in its restoration efforts following a recent cyberattack.
Bloomberg and Reuters both said today that Stryker confirmed the ramping of manufacturing after restoring certain affected systems. According to the reports, the company restarted its electronic ordering system. The orthopedic giant also has “most” of its manufacturing back online, the reports stated.
Stryker shares ticked up 1.3%. to. $331.99 apiece in afternoon trading on the back of the reports.
On March 11, Stryker disclosed an attack that effectively wiped out data on its Microsoft-based IT system. Handala, an Iran-backed “hacktivist” group, took credit for the cyberattack, which forced Stryker to shut down locations around the world and caused disruptions to order processing, manufacturing and shipping.
(Learn more about potential ramifications of this attack across medtech from recent MassDevice interviews with cybersecurity experts.)
The attackers claimed on social media platform Telegram that its attack forced Stryker to shut down offices in 79 countries, erasing data from more than 200,000 systems, servers and mobile devices.
Earlier this week, Portage, Michigan-based Stryker shared that the incident is contained and that it continues to prioritize the restoration of systems that directly support customers, ordering and shipping.
Now, the reports say that a Stryker statement announced that manufacturing capability “is quickly ramping with most of our sites and critical lines restored.” According to Reuters, a company statement said it restored electronic ordering systems as it continues to reconcile orders and manufacture products.
