Search This Blog

Powered by Blogger.

Blog Archive

Labels

Footer About

Footer About

Labels

Showing posts with label pharma scam. Show all posts

Toowoomba Pharmacy Targeted in Ransomware Attack

A pharmacy in Toowoomba, Queensland, has become the latest victim of a ransomware attack, highlighting growing concerns about the digital vulnerability of small businesses. 

The incident occurred last month when hackers gained access to the Friendlies Society Dispensary’s private IT systems. Authorities believe sensitive data stored on the system may have been compromised. 

A coordinated investigation is now underway, involving the National Office of Cyber Security, the Australian Cyber Security Centre, Services Australia, Queensland Health, the National Disability Insurance Agency, and the Department of Home Affairs. 

Bayden Johnson, Chief Executive Officer of the Friendlies Society Dispensary, said the organisation acted quickly once the attack was detected. “We immediately took steps to secure our systems and understand the nature of the incident,” he said. “Our priority now is to determine what information was accessed and ensure all necessary precautions are taken.” 

The pharmacy, which offers healthcare services and mobility support equipment, is cooperating fully with federal authorities. The Department of Home Affairs stated that Services Australia’s systems remain secure and were not affected by the breach. It added that ongoing monitoring is being carried out to detect any irregular activity. 

According to the Australian Signals Directorate (ASD), ransomware incidents account for 11 percent of all reported cyberattacks in the country. 

The ASD’s 2023–24 Annual Cyber Threat Report revealed that a cybercrime report is lodged roughly every six minutes, with small businesses reporting an average loss of $49,600 per attack. 

Associate Professor Saeed Akhlaghpour from the University of Queensland’s Cyber Research Centre said cybercriminals are constantly evolving their tactics. “Attackers are no longer just locking files; they are also stealing and leaking data. Ransomware can even be delivered through browsers, apps, or malicious file uploads,” he explained. 

Dr Akhlaghpour, who researches cybersecurity risks in the healthcare sector, said health organisations such as pharmacies, medical practices, and gyms often face higher risks due to inconsistent monitoring and handling of sensitive information. 

He noted that human error is still the leading cause of ransomware attacks, as employees often reuse passwords or click on unsafe links in haste. With the rise of AI-powered tools that make it easier for criminals to conduct large-scale attacks, he urged small business owners to invest in better cybersecurity systems and response plans. 

“Many breaches occur because of poor risk management and the absence of a clear response strategy,” he said. “Regular monitoring can prevent many of these problems.” 

Dr Akhlaghpour also advised businesses not to pay ransoms if they fall victim to an attack. “You cannot trust criminals. Paying the ransom rarely restores data and often leads to further targeting. Stolen data is frequently resold on the dark web,” he warned. 

Authorities continue to monitor the situation in Toowoomba as cybersecurity experts remind small business owners across Australia to take preventive measures and strengthen their defences against the growing threat of ransomware.

Alkem Laboratories Falls Victim to Rs 22.31 Crore Cyber Fraud

 

The pharmaceutical industry has been rocked by a major cyber fraud case, with Mumbai-based Alkem Laboratories suffering a financial loss of Rs 22.31 crore due to an elaborate scam. Fraudsters posed as executives from Alkem’s U.S. subsidiary, Ascend Laboratories LLC, to execute the scheme.

According to a Hindustan Times report, the incident began on October 27, 2023, when Alkem’s Mumbai office received an email seemingly from Amit Ghare, the head of international operations at Ascend Laboratories. The email claimed that a recent payment to Alkem would lead to significant tax liabilities. To circumvent these taxes, the company was asked to refund the amount to a different bank account.

On November 17, 2023, another email, allegedly from Mary Smith, Ascend Laboratories' accounting manager, provided details of a U.S.-based bank account for the refund. Acting on these instructions, Alkem’s treasury manager, Manoj Mishra, transferred Rs 51.30 crore to the specified account via a SWIFT transaction.

The fraud came to light on November 15, 2023, when Alkem received another email, supposedly from Ghare, requesting a refund of Rs 90 crore. Growing suspicious, Alkem officials contacted Ghare, who confirmed he had not sent the request. Further investigation revealed that the earlier emails originated from compromised email accounts with subtle alterations in the email addresses.

According to HT, U.S. authorities were able to recover Rs 28.98 crore from the stolen amount, which was returned to Alkem. However, the company still suffered a loss of Rs 22.31 crore.

Alkem Laboratories has reported the incident to the authorities, and an ongoing investigation aims to identify and apprehend the fraudsters while recovering the remaining funds. The company has also implemented enhanced cybersecurity measures to safeguard against similar threats, as reported by The Free Press Journal.