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‚Äôs pharmaceutical sector to cyberattacks and led to price fall in their share prices. Alkem stated…

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