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Tissue Regenix shares surge as it bring attack-hit systems back online
4th Feb 2020 12:05
(Sharecast News) - Regenerative medical devices company Tissue Regenix Group said on Tuesday that, due to actions taken following its cyber security incident, it had completed its recovery with all critical IT systems restored and back online.
The AIM-traded firm said all processing in its United States facility had also resumed, with immediate effect.
It comes a week after Tissue Regenix told the market that both its computer systems, and those of a third party service provider in the US, had been hit by a cyber attack.
At the time, it said it had taken immediate steps to respond to and manage the incident, appointing external specialists including forensic cyber security experts to investigate the circumstances and scope.
It said it had taken affected systems offline as the investigation began.
"The incident is projected to have a very short-term impact on the company's ability to service customer demand, and it is anticipated that delayed orders will be dispatched over the coming weeks," the board said on Tuesday.
"Based on the company's initial investigations, there are no indications of any external transfer of sensitive or financial data, and the company does not expect any associated costs of the system restoration to be material to the short-term cash flow.
"The company has implemented additional data security procedures to reduce the risk of future similar incidents from occurring, and will review its IT security procedures and service providers on an ongoing basis moving forward."
At 1200 GMT, shares in Tissue Regenix were up 13.95% at 1.14p.
The AIM-traded firm said all processing in its United States facility had also resumed, with immediate effect.
It comes a week after Tissue Regenix told the market that both its computer systems, and those of a third party service provider in the US, had been hit by a cyber attack.
At the time, it said it had taken immediate steps to respond to and manage the incident, appointing external specialists including forensic cyber security experts to investigate the circumstances and scope.
It said it had taken affected systems offline as the investigation began.
"The incident is projected to have a very short-term impact on the company's ability to service customer demand, and it is anticipated that delayed orders will be dispatched over the coming weeks," the board said on Tuesday.
"Based on the company's initial investigations, there are no indications of any external transfer of sensitive or financial data, and the company does not expect any associated costs of the system restoration to be material to the short-term cash flow.
"The company has implemented additional data security procedures to reduce the risk of future similar incidents from occurring, and will review its IT security procedures and service providers on an ongoing basis moving forward."
At 1200 GMT, shares in Tissue Regenix were up 13.95% at 1.14p.