Philips Looks Into Possible Cyber Attack

Philips Electronics (NYSE:PHG) said a possible cyber attack forced it to shut down one of its servers on Monday, according to a Reuters report. The company is looking into what happened and how much information may have been accessed.

Philips spokesman Steve Klink was unable to comment on whether any critical company information or customer details were jeopardized by the breach.

“It isn’t prudent to make any statements until we’ve gotten to the bottom of this and completed the investigation,” Klink said.

The Dutch consumer electronics, lighting and healthcare group stated on its website on Tuesday that some of its small marketing sites may have been hacked on Monday. Philips said the affected server was shut down within an hour of the company becoming aware of the occurrence.

Here’s how shares of Philips are reacting to the news:

Koninklijke Philips Electronics NV (NYSE:PHG): PHG shares recently traded at $20.23, down $0.45, or 2.18%. They have traded in a 52-week range of $16.26 to $33.55. Volume today was 823,844 shares versus a 3-month average volume of 1,355,920 shares. The company’s trailing earnings are $-1.80 per share.

To contact the reporter on this story: Gina Smith at staff.writers@wallstcheatsheet.com

To contact the editor responsible for this story: Damien Hoffman at editors@wallstcheatsheet.com