DataBreaches.Net

Menu
  • About
  • Breach Notification Laws
  • Privacy Policy
  • Transparency Report
Menu

Pharma Giant Alkem Laboratories Faces Security Breach, Rs 52 Crores at Stake

Posted on January 13, 2024 by Dissent

Sharad Natani reports:

Pharmaceutical giant Alkem Laboratories confirmed Friday that a cybersecurity incident led to a fraudulent transfer of Rs 52 crore from one of its subsidiaries. While the company maintained the impact was minimal and confined to a specific incident, the disclosure raises concerns about vulnerabilities in India’s pharmaceutical sector to cyberattacks.

Without revealing the exact nature of the security breach, Alkem stated that fraudulent actors compromised the business email IDs of some employees at its subsidiary. Though the amount stolen wouldn’t trigger mandatory reporting thresholds as per company policy, the Board of Directors chose transparency, disclosing the incident to the stock exchanges.

Read more at The420.in.

 

No related posts.

Category: Business SectorHackHealth DataNon-U.S.

Post navigation

← Fertility Test Lab Will Pay $1.25M to Settle Breach Lawsuit
Family Healthcare notifying patients of November 2022 breach at Brady Martz & Associates →

2 thoughts on “Pharma Giant Alkem Laboratories Faces Security Breach, Rs 52 Crores at Stake”

  1. BIJENDER MISHRA says:
    January 13, 2024 at 11:49 am

    this happened in Oct 2023 with one of the international subsidiary and post fraud checkpoint solution was deployed and it has been working fine so far

    1. Dissent says:
      January 13, 2024 at 12:52 pm

      How do you know that it’s been working fine? Are you an employee?

Comments are closed.

Now more than ever

"Stand with Ukraine:" above raised hands. The illustration is in blue and yellow, the colors of Ukraine's flag.

Search

Browse by Categories

Recent Posts

  • Russia Jailed Hacker Who Worked for Ukrainian Intelligence to Launch Cyberattacks on Critical Infrastructure
  • Kentfield Hospital victim of cyberattack by World Leaks, patient data involved
  • India’s Max Financial says hacker accessed customer data from its insurance unit
  • Brazil’s central bank service provider hacked, $140M stolen
  • Iranian and Pro-Regime Cyberattacks Against Americans (2011-Present)
  • Nigerian National Pleads Guilty to International Fraud Scheme that Defrauded Elderly U.S. Victims
  • Nova Scotia Power Data Breach Exposed Information of 280,000 Customers
  • No need to hack when it’s leaking: Brandt Kettwick Defense edition
  • SK Telecom to be fined for late data breach report, ordered to waive cancellation fees, criminal investigation into them launched
  • Louis Vuitton Korea suffers cyberattack as customer data leaked

No, You Can’t Buy a Post or an Interview

This site does not accept sponsored posts or link-back arrangements. Inquiries about either are ignored.

And despite what some trolls may try to claim: DataBreaches has never accepted even one dime to interview or report on anyone. Nor will DataBreaches ever pay anyone for data or to interview them.

Want to Get Our RSS Feed?

Grab it here:

https://databreaches.net/feed/

RSS Recent Posts on PogoWasRight.org

  • On July 7, Gemini AI will access your WhatsApp and more. Learn how to disable it on Android.
  • German court awards Facebook user €5,000 for data protection violations
  • Record-Breaking $1.55M CCPA Settlement Against Health Information Website Publisher
  • Ninth Circuit Reviews Website Tracking Class Actions and the Reach of California’s Privacy Law
  • US healthcare offshoring: Navigating patient data privacy laws and regulations
  • Data breach reveals Catwatchful ‘stalkerware’ is spying on thousands of phones
  • Google Trackers: What You Can Actually Escape And What You Can’t

Have a News Tip?

Email: Tips[at]DataBreaches.net

Signal: +1 516-776-7756

Contact Me

Email: info[at]databreaches.net

Mastodon: Infosec.Exchange/@PogoWasRight

Signal: +1 516-776-7756

DMCA Concern: dmca[at]databreaches.net
© 2009 – 2025 DataBreaches.net and DataBreaches LLC. All rights reserved.