After a cyber attack and a botched product launch spoiled Reckitt Benckiser’s 2017, a pricing squeeze threatens to make this year almost as tough.

The admission of global consumer goods giant Reckitt Benckiser that a recent global cyber attack cost it millions in revenue should be a wake-up call to all businesses that nobody is immune, warns an Irish cyber security expert.

Reckitt Benckiser has agreed to buy US baby formula maker Mead Johnson Nutrition for £13bn (€15.25bn), giving the British consumer goods company a new product line and expanding its presence in developing markets.