(Deepshikha Gautam, Intern Journalist) New Delhi: Dr. Reddy’s Laboratories said on Thursday that it has shut down services of all data centers after a cyber attack. The company said in a statement that it did so to take rescue measures after the cyberattack was identified. The company’s CIO Mukesh Rathi said, “We are expecting all services to start within 24 hours.
We do not anticipate any significant impact on our operations due to this incident.” It is worth noting that just a few days ago, Dr. Reddy’s got permission from the Drug Controller General of the Government of India to test the second and third phases of the Russian vaccine for Corona in India. After the news of this cyberattack, Dr. Reddy’s shares fell nearly 4% to Rs 4832 on the BSE.
However, until the close of the market, the company’s stock improved marginally by 0.35 percent to close at 5,029.15. In the information given to the stock markets by the company, it said that in view of the cyber attack, it has isolated all its data centers. Dr. Reddy has factories in India, Russia, the UK, the USA, and Brazil. The cyberattack on the company’s Daito centers took place around 2.30 pm on Wednesday night. Cybersecurity now a top corporate priority. However, the challenges associated with cybersecurity have also increased considerably. Due to this, cybersecurity has now become the highest corporate priority in India.
It has been said in a study. According to a recent Cisco study Future of Secure Remote Work report, 73 percent of organizations in India have been seeing 25 percent or more increases in cyber attacks or warnings since the onset of the covid-19 epidemic. This study also revealed that most of the Indian companies were not ready to provide the work force outside the office. Cisco said that about 65 percent of the companies have adopted cyber security measures to ease work from home in view of covid-19. The study is based on a survey of more than three thousand people making decisions regarding information technology worldwide. These include more than 19 hundred people from 13 markets in the Asia Pacific region, including India.
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