Connect with us

Business

Stryker Hit by Suspected Iran-Linked Cyberattack Causing Global Network Outage

Published

on

Stryker Corporation

Medical technology giant Stryker Corp. confirmed Wednesday that it is experiencing a severe global network disruption due to a cyberattack targeting its Microsoft environment, with reports linking the incident to an Iran-backed hacking group amid escalating U.S.-Iran tensions.

Stryker Corporation
Stryker Corporation

The company, headquartered in Portage near Kalamazoo and a major player in surgical equipment, orthopedics, neurotechnology and patient care products, issued a statement on its website acknowledging the attack.

“Stryker is experiencing a global network disruption to our Microsoft environment as a result of a cyber attack,” the company said in an update posted March 11, 2026. “We have no indication of ransomware or malware and believe the incident is contained. Our teams are working rapidly to understand the impact of the attack on our systems. Stryker has business continuity measures in place to continue to support our customers and partners. We are committed to transparency and will keep stakeholders informed as we know more.”

The disruption began early Wednesday, shortly after midnight Eastern time, affecting thousands of employees worldwide. Reports indicate that remote devices including laptops, cellphones and other Microsoft Windows-based systems connected to Stryker’s network were remotely wiped or rendered inoperable. Employees received urgent text messages alerting them to the outage, and some described login pages displaying the logo of Handala, a pro-Iranian hacktivist group.

Handala, also known as the Handala Hack Team, claimed responsibility for the attack on social media platforms including Telegram. In a lengthy manifesto, the group asserted it had delivered an “unprecedented blow” by erasing data from more than 200,000 servers, mobile devices and other systems across Stryker’s operations in 79 countries. The hackers framed the incident as retaliation for U.S. and Israeli military strikes on Iran, specifically citing a “brutal attack on the Minab school” and ongoing cyber operations against the “Axis of Resistance.”

Advertisement

The Wall Street Journal first reported the suspected Iran link, noting that the attack marked a significant escalation in cyber operations tied to the ongoing conflict. Cybersecurity experts described the incident as a destructive “wiper” attack rather than traditional ransomware, focusing on data deletion and system disruption instead of extortion.

Stryker, which employs approximately 56,000 people globally and reported revenue exceeding $25 billion in 2025, emphasized that no evidence of ransomware or persistent malware had been found. The company stated it was collaborating with partners, including Microsoft, to restore systems and operations. Business continuity plans were activated to minimize impacts on customer support, though the full scope of operational disruptions remained unclear as of late Wednesday.

The attack comes against the backdrop of heightened geopolitical tensions following U.S. and Israeli military actions in Iran that began in February 2026. Iran has vowed retaliation through various means, including proxy operations and cyberattacks. U.S. officials have long warned of Iranian capabilities in asymmetric warfare, including cyber intrusions targeting critical infrastructure and private sector entities.

While Stryker’s core medical devices and manufacturing appear unaffected — with no reports of direct impacts on patient care equipment like defibrillators, hospital beds or surgical tools — the outage disrupted internal communications, remote access and potentially supply chain coordination. Facilities in locations including Ireland, where Stryker has significant operations in Cork employing thousands, reported similar system shutdowns.

Advertisement

Stock in Stryker (NYSE: SYK) fell about 3.6% on Wednesday amid the news, reflecting investor concerns over potential recovery costs, reputational damage and broader supply chain implications in the health care sector.

This is not Stryker’s first brush with cybersecurity issues. The company has previously issued advisories on vulnerabilities affecting its products, including responses to the WannaCry ransomware campaign and KRACK wireless protocol flaws in certain beds. In 2024, Stryker disclosed a separate data breach involving unauthorized access to internal systems between May and June, notifying affected individuals and regulators. However, the current incident appears distinct, focused on corporate IT infrastructure rather than product-specific vulnerabilities or patient data.

Experts noted that wiper-style attacks, while disruptive, are less common in Western targets compared to espionage or ransomware. Handala has a history of claiming politically motivated operations, often aligned with Iranian interests, though attribution in cyber incidents remains challenging without forensic confirmation.

Federal authorities, including the FBI and Cybersecurity and Infrastructure Security Agency (CISA), have not publicly commented on the Stryker case as of March 12, 2026. However, the incident aligns with broader warnings about Iranian cyber threats to U.S. companies, particularly those in strategic sectors like health care.

Advertisement

Stryker serves more than 150 million patients annually through its portfolio of medical technologies. The company urged patience as restoration efforts continue and promised further updates. No changes to patient safety protocols or product availability have been announced.

The cyberattack underscores the vulnerability of global enterprises to state-sponsored or affiliated actors in an era of hybrid warfare. As investigations proceed, the incident may prompt renewed calls for enhanced cybersecurity defenses across the medical technology industry.

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Business

Legal & General: Short-Term Earnings Miss, Long-Term Growth And Yield Story Intact

Published

on

Legal & General: Short-Term Earnings Miss, Long-Term Growth And Yield Story Intact

Legal & General: Short-Term Earnings Miss, Long-Term Growth And Yield Story Intact

Continue Reading

Business

Bitkub Pioneers Thailand’s First RLUSD-THB Trading Pair Launch

Published

on

Bitkub Pioneers Thailand's First RLUSD-THB Trading Pair Launch

Bitkub Academy has announced that it will be the first cryptocurrency exchange in Thailand to list RLUSD, Ripple’s enterprise-grade USD-pegged stablecoin, paired with the Thai Baht (THB).


Key Points

  • Suchart Pavasiriporn, CEO of Bitkub Academy: Emphasizes Thailand’s role in the Web3 revolution, advocating for education on blockchain’s impact on global finance to empower individuals in managing their financial futures amidst the growing relevance of digital assets.
  • Fiona Murray, Managing Director, Asia Pacific at Ripple: Highlights Thailand’s significance in digital asset innovation, announcing a partnership with Bitkub to launch RLUSD, a stablecoin designed for retail and institutional users. The goal is to ensure trust and compliance while enhancing financial transactions.
  • Market Impact and Advisory: RLUSD, with a market cap over $1.5 billion, showcases institutional utility and Ripple’s mission to streamline global financial networks. A disclaimer stresses the high risks of cryptocurrency investments, urging investors to conduct thorough research based on their risk profiles.

The Vision of Bitkub Academy in the Web3 Era

Suchart Pavasiriporn, CEO of Bitkub Academy, emphasizes the potential of the Thai community to lead in the Web3 revolution. He notes that Bitkub Academy is committed to transforming this potential into reality by providing in-depth, practical knowledge about how blockchain technology is reshaping global finance.

The goal is to equip individuals with the insights and confidence necessary to navigate a financial landscape increasingly influenced by digital assets. Pavasiriporn believes that empowering people with this education will enable them to take charge of their financial futures, essential in an era where digital currencies are becoming ubiquitous.

“At Bitkub Group, we have always believed that education is the foundation of real adoption. Our goal is to give our users more than just a trading platform. We are giving them practical tools for global payments and opening the door to new types of digital ownership through real-world asset tokenization.”

Atthakrit Chimplapibul, Co-founder of Bitkub Group

Collaborative Innovations in Thailand’s Digital Asset Market

Fiona Murray, Managing Director, Asia Pacific at Ripple, highlights Thailand’s significant role in digital asset innovation within Southeast Asia. The collaboration between Ripple and Bitkub Exchange is aimed at introducing RLUSD, a stablecoin designed to meet both retail and institutional needs. This partnership emphasizes the importance of trust and compliance in the market, ensuring that users have access to a stable asset. With RLUSD’s market cap already exceeding $1.5 billion, Murray points to its use in near-instant settlements and tokenized real-world assets as evidence of its institutional utility. This initiative aligns with Ripple’s overarching mission to facilitate seamless value transfer across fragmented financial networks.

Advertisement

Disclaimer

Cryptocurrency and digital tokens carry significant risks; therefore, investors should approach these assets with caution. It is crucial to perform thorough research and invest according to one’s risk profile to mitigate potential losses.

Continue Reading

Business

UBS Global Consumer and Retail Conference

Published

on

OneWater Marine Inc. (ONEW) Q1 2026 Earnings Call Transcript

UBS Global Consumer and Retail Conference

Continue Reading

Business

a.k.a. Brands Holding Corp. (AKA) Presents at UBS Global Consumer and Retail Conference Transcript

Published

on

OneWater Marine Inc. (ONEW) Q1 2026 Earnings Call Transcript

Q4: 2026-03-05 Earnings Summary

EPS of -$1.35 misses by $0.54

 | Revenue of $163.95M (3.10% Y/Y) misses by $501.80K

a.k.a. Brands Holding Corp. (AKA) UBS Global Consumer and Retail Conference March 11, 2026 4:00 PM EDT

Company Participants

Ciaran Long – Chief Executive Officer

Advertisement

Conference Call Participants

Jay Sole – UBS Investment Bank, Research Division

Advertisement

Presentation

Jay Sole
UBS Investment Bank, Research Division

All right. Well, hello again. I’m Jay Sole, UBS’ retailing department stores and specialty softlines analyst. And welcome again to the 2026 UBS Global Consumer and Retail Conference. Really excited to have a.k.a. Brands here again to talk to us. I have to say that there’s a very big fan in my household of Princess Polly and it’s my 15-year-old she loves it. So I think that…

Advertisement

Ciaran Long
Chief Executive Officer

We appreciate your 15-year-old and we appreciate you and your credit card.

Jay Sole
UBS Investment Bank, Research Division

Advertisement

That’s right. So…

Ciaran Long
Chief Executive Officer

It’s great for us.

Advertisement

Question-and-Answer Session

Jay Sole
UBS Investment Bank, Research Division

Advertisement

So there’s a really good story here. And I think that we are going to dive into a little bit. But maybe just before we kind of dig into some of the nuances of why my kid loves your brand. Let’s just talk about high level the business model. It gives us a little bit of overview for anybody who might not be totally up to speed on the company and what you guys do, just maybe start there.

Ciaran Long
Chief Executive Officer

Thanks for having me. Delighted to be here. Yes. So at a.k.a., we’re a group of next-generation fashion brands, very much focused on that Gen Z millennial consumer. We started off all of the brands very much direct to consumer. And over the last couple of years, we started bringing the brands into wholesale, into stores and really just putting product in front of customers wherever they are, certainly, very early days as

Advertisement
Continue Reading

Business

Atmos Energy: A Stable Income Growth Stock In Uncertain Times (NYSE:ATO)

Published

on

Atmos Energy: A Stable Income Growth Stock In Uncertain Times (NYSE:ATO)

This article was written by

Over fifteen years of experience making contrarian bets based on my macro view and stock-specific turnaround stories to garner outsized returns with a favorable risk/reward profile. If you want me to cover a specific stock or have a question for an article, just let me know!

Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha’s Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

Advertisement
Continue Reading

Business

General Motors recalls over 17,000 vehicles due to crash risk defect

Published

on

General Motors recalls over 17,000 vehicles due to crash risk defect

General Motors has issued a recall affecting more than 17,000 vehicles over a rear toe link fracture that increases the risk of a crash.

The recall from General Motors applies to about 17,050 Buicks due to a rear toe link fracture that can cause loss of vehicle control, increasing the collision risk, the National Highway Traffic Safety Administration (NHTSA) said in a recall report.

Advertisement

Certain 2012–2013 Buick Regal Turbo and GS trim-level vehicles that were sold or registered in more than 20 “high corrosion” states are included in the recall. More specifically, about 4,751 2012 Buick Regals and about 12,299 2013 Buick Regals.

GM TAKES $7B HIT AFTER SHIFTING EV STRATEGY DUE TO SLOWING DEMAND

2012 Buick Regal

The recall from General Motors applies to about 17,050 Buicks due to a rear toe link fracture that can cause loss of vehicle control. (Steve Fecht/General Motors via Getty Images / Getty Images)

The “high corrosion” states include Connecticut, Delaware, Illinois, Indiana, Iowa, Kentucky, Maine, Maryland, Massachusetts, Michigan, Minnesota, Missouri, New Hampshire, New Jersey, New York, Ohio, Pennsylvania, Rhode Island, Vermont, Virginia, West Virginia and Wisconsin.

Vehicles in Washington, D.C., were also included.

Advertisement
Buick Regal GS parked outside of a car dealership

About 4,751 2012 Buick Regal vehicles and about 12,299 2013 Buick Regal models were included in the recall. (Getty Images / Getty Images)

Only about 1% of the vehicles included in the recall may have a defect, which was caused by a supplier’s failure to properly apply corrosion protection.

General Motors said no injuries have been reported in connection with the issue that triggered the recall, which was submitted on Tuesday.

TOYOTA RECALLS 550,000 VEHICLES OVER SEAT DEFECT

GM HQ

General Motors said no injuries have been reported in connection with the issue that triggered the recall. (Paul Hennessy/SOPA Images/LightRocket via Getty Images / Getty Images)

 CLICK HERE TO GET FOX BUSINESS ON THE GO

Advertisement

General Motors dealerships will replace the rear suspension toe links and adjuster fasteners at no cost. Owner notification letters are expected to be mailed on April 13.

The recall expands on multiple others the automaker has filed since late last month about the same issue.

Continue Reading

Business

Oil hits $100 a barrel despite deal to release record amount of reserves

Published

on

Oil hits $100 a barrel despite deal to release record amount of reserves

It comes as Iranian attacks on ships intensify in the crucial Strait of Hormuz waterway.

Continue Reading

Business

US stock market remains calm, even as oil prices rise

Published

on

US stock market remains calm, even as oil prices rise

The US stock market remained calm Wednesday, even as the price of oil got back to rising.

Continue Reading

Business

St George signs MOU with Brazilian firm

Published

on

St George signs MOU with Brazilian firm

Three days after being added to the ASX All Ordinaries, rare earths developer St George Mining has taken another key step at its flagship Brazilian project.

Continue Reading

Business

Rates Spark: Inflation Expectations On The March Again

Published

on

Rates Spark: Inflation Expectations On The March Again

Rates Spark: Inflation Expectations On The March Again

Continue Reading

Trending

Copyright © 2025