Synnovis Risk Report

🛡️ financial & liquidity

Synnovis experienced significant financial strain due to a cyber-attack. The attack resulted in substantial costs that far exceeded the company's profits, highlighting a critical financial vulnerability. This financial setback likely impacted the company’s liquidity position, creating long-term concerns.

• Synnovis estimated the cyber-attack cost them £32.7m in 2024 🗓 on 2025-01-20.

⚖️ legal & regulatory

Synnovis may face legal and regulatory challenges following the cyber-attacks and the associated patient harm. These events could lead to sanctions or penalties, potentially increasing their legal risks and compliance burdens.

• Synnovis cyber attack caused two cases of severe patient harm 🗓 on 2025-01-23.

👥 labor & workforce

Synnovis faced labor unrest due to the cyber-attack and its consequences. Although strikes were planned, they were temporarily suspended for talks, indicating workforce dissatisfaction and potential disruptions.

• Planned Synnovis strikes stood down 🗓 on 2024-12-17.
• Synnovis staff planned to strike following the cyber attack's impact 🗓 on 2024-12-05.

🏗️ operational & business continuity

The Synnovis cyber-attack severely disrupted its operations, leading to delayed services and impacting a large number of patients. The incident underlined the importance of robust IT systems and operational resilience in ensuring business continuity.

• Qilin ransomware attack on Synnovis impacted over 900,000 patients 🗓 on 2024-09-17.
• GP blood testing restored three months after the attack 🗓 on 2024-09-19.
• Synnovis system restoration post-cyber attack still faced blood shortages 🗓 on 2024-07-26.