Smiths Group hit by cyber security incident

(Sharecast News) - Engineering firm Smiths Group said on Tuesday that it had been hit by a cyber security incident. The incident involved unauthorised access to the company's systems.

"As soon as Smiths became aware of the unauthorised activity, the company rapidly isolated affected systems and activated business continuity plans," it said.

Smiths said it was working with cyber security experts to recover affected systems and determine any wider impact on the business.

"The company is taking steps to comply with all relevant regulatory requirements," it said, adding that an update will be provided as and when appropriate.

At 0940 GMT, the shares were down 1.6% at 1,853p.