Cyber breach – Securitydive

Cyber security Insurance Market to Surge 18.2% CAGR, Reaching US$ 61.2 Billion by 2032

Due to the rapidly increasing ransomware attacks, more businesses from small companies to big brands are purchasing cyber insurance plans to help mitigate potential losses in the event of a breach. The cyber security insurance market is expected to reach US$ 11.5 Billion in 2022, registering a CAGR of 18.2% from 2022 to 2032. Growing security threats and financial…

Alkem Labs Reports Cyber Breach &’Fraudulent Transfer’ Loss of 52 Cr

admin6 months ago6 months ago03 mins

Alkem Laboratories confirmed a cybersecurity incident that led to a fraudulent transfer of Rs 52 crore from one of its subsidiaries affecting the brand value and reveling serious vulnerabilities at several level. The disclosure raises concerns about vulnerabilities in India’s pharmaceutical sector to cyberattacks and led to price fall in their share prices. Alkem stated…