as informed in fortune
St. Jude Says Cyber Flaw in Heart Monitors "False and Misleading"
St. Jude Says Cyber Flaw in Heart Monitors "False and Misleading"
Medical device manufacturer St. Jude Medical stj said on Friday that a report by short-selling firm Muddy Waters and a cyber-security researcher alleging its heart devices were riddled with bugs was "false and misleading."The report, which caused St Jude shares to decline after its release on Thursday, alleged there were significant security bugs in the company's Merlin@home device for monitoring implanted heart devices.St. Jude initially responded on Thursday with a terse statement from its chief technology officer, Phil Ebeling, who said "the allegations are absolutely untrue." But he did not provide specific examples of errors.St. Jude on Friday issued a longer analysis, saying the majority of the observations in the report applied to older versions of its Merlin@home devices, which had not been patched with security upgrades that the company automatically pushes out to customers.
furthermore thefiscaltimes
Whiplashed investors stay skittish about St. Jude
Whiplashed investors stay skittish about St. Jude
(Reuters) - One day after a short seller claimed that St. Jude Medical Inc's heart implants are vulnerable to deadly cyber attacks, investors appear most concerned about whether the accusation will derail St. Jude's $24 billion planned deal for Abbott Labs to buy it.St.Jude's stock at one point fell around 3 percent on Friday, though it ended the day slightly up, following a drop of around 5 percent on Thursday after Muddy Waters Capital leveled the accusation against St. Jude.The stock continues to trade well below its price on Wednesday of around $82 per share.
additionally thestreet
St. Jude (STJ) Faces Long-Term Risks, Muddy Waters' Block Tells CNBC
St. Jude (STJ) Faces Long-Term Risks, Muddy Waters' Block Tells CNBC
additionally reuters
St. Jude says report by short sellers 'false and misleading'
St. Jude says report by short sellers 'false and misleading'
The ticker and trading information for St. Jude Medical is displayed where the stock is traded on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., April 28, 2016.REUTERS/Brendan McDermidMedical device manufacturer St. Jude Medical Inc (STJ.N) said on Friday a report by short-selling firm Muddy Waters and a cyber-security researcher alleging its heart devices were riddled with bugs was "false and misleading."The report, which caused St. Jude shares to fall 5 percent after its release on Thursday, alleged there were significant security bugs in the company's Merlin@home device for monitoring implanted heart devices.
in the same way fiercehealthcare
St. Jude devices vulnerable to cyberattack say Muddy Waters, MedSec
St. Jude devices vulnerable to cyberattack say Muddy Waters, MedSec
After uncovering cybersecurity vulnerabilities with St. Jude Medical cardiac devices, security research firm MedSec shared its findings first with investment firm Muddy Waters Capital as part of a deal that, so far, appears to be helping the companies profit off of the device maker's adversity.Muddy Waters, after receiving the information, published a report Thursday in which it sold short on St. Jude, according to Bloomberg.The more Muddy Waters investors profit on the news, the more money MedSec earns, the article notes.
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