Stryker Shares Drop 3.8% After Iran-Linked Hack Wipes 50 TB Data
Medical technology company Stryker experienced a suspected Iran-linked Handala hacking group attack that extracted 50 terabytes of data and wiped employee Windows devices, prompting network disconnections and device shutdowns. Shares fell 3.82% to $344.96 as Stryker works with Microsoft on investigation and containment.
1. Cyberattack Details
Stryker discovered a widespread disruption after midnight on March 11, with employee Windows devices wiped and login pages replaced by the Handala logo. The group claimed to have extracted 50 terabytes of proprietary data in retaliation for US actions in the Middle East war.
2. Market Reaction
Shares declined 3.82% to close at $344.96, erasing roughly $13 per share in market value on the day of the attack. Trading volumes spiked as investors weighed the potential financial and operational impact of the breach.
3. Company Response
Stryker instructed staff to disconnect from corporate networks and avoid powering on devices while collaborating with Microsoft to investigate and secure systems. The company is assessing data integrity and planning additional cybersecurity measures to mitigate further risk.