Masimo, a leading medical device manufacturer, reported a cyberattack that is disrupting its ability to process and ship customer orders. The company discovered the breach on April 27 and informed the U.S. Securities and Exchange Commission (SEC) of the incident. As a result of the attack, several of its manufacturing facilities have been operating below normal capacity, impacting order fulfillment and timely shipments. Masimo stated that efforts are underway to restore normal operations and mitigate the incident’s effects.
After identifying the breach, Masimo took swift action by isolating the affected systems and involving cybersecurity experts. The company has also notified law enforcement, though it has not provided further details about the nature of the attack, including whether ransomware was involved. The full scope and impact of the attack are still under investigation. Masimo’s officials have expressed their commitment to resolving the situation but have refrained from commenting further on the matter as the investigation continues.
During a quarterly earnings call, Masimo CEO Katie Szyman briefly addressed the ongoing incident, assuring stakeholders that the company’s financial outlook would not be affected by the disruption. However, she emphasized that details of the cyberattack were not yet available. The company has also refrained from offering a timeline for when its operations would fully return to normal. The investigation into the cyberattack remains ongoing, and Masimo is working diligently to restore its systems.
Masimo is a key player in the global medical device market, with over $2 billion in revenue last year. The company is best known for its pulse oximetry tools, patient monitors, and automation solutions used by hospitals worldwide. This cyberattack comes amid a growing trend of manufacturers facing significant financial losses due to similar incidents. Other companies, including Clorox and Johnson Controls, have reported millions of dollars in losses from cyberattacks affecting their operations.
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