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West Pharmaceutical Shares Fall After Cyberattack Disrupts Global Operations

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West Pharmaceutical Services (WST) shares were down more than 2% in intraday trading on Tuesday after the company said its global operations were disrupted by a cyberattack, according to a regulatory filing.

The company said it detected an intrusion on May 4, in which certain data was exfiltrated by an unauthorized party and some systems were encrypted.

West Pharmaceutical said it activated its incident response protocols, including taking systems offline globally for containment, notifying law enforcement and engaging external cyber-forensic experts.

The company said its investigation is ongoing and the timeline for full restoration of operations has not yet been determined.

Price: $315.43, Change: $-6.87, Percent Change: -2.13%

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