Home GDPR #Privacy: Regenerative medical tech company closes plant following security breach
GDPR - January 30, 2020

#Privacy: Regenerative medical tech company closes plant following security breach

Tissue Regenix Group PLC has temporarily closed its manufacturing plant in Texas following a cyber attack. 

The UK-based firm announced on Tuesday that a threat actor had gained unauthorised access to its computer systems and to a third-party US-based IT services provider . 

No information has been disclosed regarding how the incident occured or how the company came to know it was compromised. 

In response to the attack, Tissue Regenix took its affected systems offline and shut down its operations at its plant located in Texas. 

“Tissue Regenix has taken precautionary steps, including taking affected systems offline. This has restricted access to certain business operations, including the company’s ability in the short-term to continue manufacturing in its United States facility, which has been taken offline whilst the incident is being investigated,” the company explained.

“The company is engaged with its third-party IT service provider, the relevant legal authorities and cyber security experts to rectify the incident as quickly as possible and to minimise any impact on its operations. The time required to resolve the incident is currently unknown.”

The attack has not impacted any of the company’s UK operations, and financial systems have not been affected. 

According to a report by Reuters, the share price of Tissue Regenix dropped by 22% following the news of the breach. 

The post #Privacy: Regenerative medical tech company closes plant following security breach appeared first on PrivSec Report.


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