Pharma Fumble: Hackers Knock Out Inotiv’s Systems, Ransomware Chaos Ensues!
Inotiv found itself in a pharmaceutical pickle when hackers encrypted its systems, causing chaos in business operations. The company resorted to pen-and-paper solutions as it scrambled to restore order. Meanwhile, the Qilin ransomware group claimed credit, boasting about taking 176 gigabytes of data. The full restoration timeline remains as mysterious as a drugstore cowboy.
Hot Take:
Looks like Inotiv got a not-so-friendly visit from the cyber gremlins! Just when they thought their biggest challenge was developing new drugs, here comes a dose of digital drama. Maybe they should add ‘cybersecurity vaccine’ to their research pipeline?
Key Points:
- Inotiv’s internal systems were compromised and encrypted by hackers.
- The incident was disclosed to the US SEC in a Form 8-K filing.
- Ransomware attack led to disruption in business operations.
- Qilin ransomware group claimed responsibility, boasting a 176GB data theft.
- Inotiv is working on containment and remediation, but full system restoration timeline remains unknown.
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