Dr Reddy’s isolates data centres after detecting cyber-attack


Indian drug-maker Dr Reddy’s Laboratories Ltd said it has isolated all its data centre services as a preventive measure after detecting a cyber-attack. — Reuters

Indian drug-maker Dr Reddy’s Laboratories Ltd said it has isolated all its data centre services as a preventive measure after detecting a cyber-attack.

"We are anticipating all services to be up within 24 hours,” Chief Information Officer Mukesh Rathi said in an exchange filing Oct 22. "We do not foresee any major impact on our operations due to this incident.”

Shares of the company pared losses to 1% as of 12:21pm in Mumbai (2:51pm Malaysia) after the statement. The stock had plunged as much as 4.3% earlier after ET Now television reported the incident citing people it didn’t identify.

Dr Reddy’s is among firms testing a vaccine for the novel coronavirus. It received approval, together with Russia’s sovereign wealth fund, to conduct human clinical trials in India. The Russian Direct Investment Fund will supply 100 million doses of the vaccine to Dr Reddy’s upon receiving regulatory approval in India. The vaccine would be produced in the South Asian nation and some of it could be sent back to Russia, which is experiencing setbacks maintaining the serum’s stability while expanding production. – Bloomberg

Article type: metered
User Type: anonymous web
User Status:
Campaign ID: 18
Cxense type: free
User access status: 3
   

Did you find this article insightful?

Yes
No

100% readers found this article insightful

Next In Tech News

Ten years ago today, Groupon turned down Google’s US$6bil offer – here’s what’s happened since
Apple Pay targeted in Dutch antitrust probe into payment apps
Intern builds billion-dollar company inspired by mom’s comment
AI paintings of Chinese landscapes pass as human-made 55% of the time, research by Princeton student shows
Google scientist’s abrupt exit exposes rift in prominent AI unit
Dangerously viral: How Trump, supporters spread false claims
Chinese cities target facial recognition to curb abuse of personal data
MCMC: Stay alert and report fake accounts
‘Genshin Impact’ wins best game accolade from Apple and Google, extending China’s winning streak
Trump signs order on principles for US government AI use

Stories You'll Enjoy