St. Jude Medical case advocates ‘appropriate’ raising of cybersecurity concerns

Dive Brief:

• St. Jude Medical filed suit against Muddy Waters Capital and cybersecurity firm MedSec for publicly alleging that its cardiac devices are vulnerable to cyberattacks and selling short the company’s stocks.
• The device maker had already retorted that the allegations were false and misleading, and sought to refute the finding by arguing that the supposed vulnerability discovered was actually a security feature rather than a flaw and that it was working as intended.
• St. Jude Medical’s lawsuit now accuses the companies of conspiring to manipulate the market, and argues that they were irresponsible in publicly releasing their allegations in a way that frightened patients and providers, and circumvented “appropriate and established channels” for raising concerns about cybersecurity.  For the full article click here 

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