Sun Pharmaceutical, one of India’s leading drugmakers, has reported an “information security incident” at the company. The drugmaker issued a statement to the Bombay Stock Exchange. The statement: “impacted IT assets have been isolated”, and that the incident has not impacted their core systems and operations. The company also said that they are investigating the matter. They are also taking appropriate containment and remediation actions to address the data breach incident in a controlled manner.
The incident at Sun Pharmaceutical comes on the heels of similar cybersecurity breaches. These incidents were reported by Dr. Reddy & Lupin in late 2020. With the breaches occurring just weeks apart. The healthcare industry is known to incur high data breach costs.
Deep analysis of Supharma’s statement of data breach
Sun Pharmaceutical’s statement did not provide any details about the nature of the information security incident. Also, no details were given on the potential impact on the company’s operations. However, cybersecurity incidents can range from simple data breaches to more sophisticated cyberattacks that can disrupt business operations and lead to significant financial losses.
Healthcare is prime target for data breaches
With the increasing digitization of healthcare records and the adoption of telemedicine services, the healthcare industry has become a prime target for cybercriminals. Medical records contain valuable personal and financial information that can be sold on the dark web or used for identity theft, and hackers can also use ransomware attacks to extort money from healthcare providers.
To protect themselves from cyber threats, healthcare organizations must take a multi-layered approach to security. This includes implementing robust cybersecurity measures such as firewalls, intrusion detection and prevention systems, and encryption. They must also conduct regular security audits and employee training to ensure that everyone in the organization is aware of the risks and knows how to respond to security incidents.