Pharmaceutical firm Inotiv investigating ransomware attack

American contract research organization Inotiv disclosed Monday that it became aware of a cybersecurity incident affecting certain of its systems and data earlier this month. Its preliminary investigation determined that a threat actor gained unauthorized access to, and encrypted certain of, the company’s systems, while investigations into the incident are ongoing. “Upon identifying encrypted systems, the…

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

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…

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