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Business News/ Markets / Stock Markets/  Dr Lal PathLabs rises 6% after clarification on exposed data
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Dr Lal PathLabs rises 6% after clarification on exposed data

According to cybersecurity expert Sami Toivonen, the company stored the spreadsheets containing sensitive patient data in a storage bucket on Amazon Web Services without a password, allowing anyone to access it

Photo: iStockPremium
Photo: iStock

MUMBAI : Shares of Dr Lal Pathlabs rose nearly 6% on Monday after it issued clarification over the exposed private medical records of millions of customers on an unsecured server, making it accessible to everyone for about a year.

At 3:20 pm, Dr Lal Pathlabs was trading at 2171.75 apiece up 5.7% from its previous close, while the benchmark Sensex advanced 0.2% to 40,592.80.

“There was a misconfiguration in one of our minor web application where temporary records were stored for operational purposes, and took place at a facility managed by a third party. It involved less than 0.5% of our records and has been successfully resolved since. We have informed the relevant authorities about the same and are investigating this incidence," the country’s largest diagnostic chain said in a stock exchange filing.

According to cybersecurity expert Sami Toivonen, the company stored the spreadsheets containing sensitive patient data in a storage bucket on Amazon Web Services without a password, allowing anyone to access it.

Dr. Lal PathLabs' reported a consolidated net profit to 28.40 crore for the quarter ended 30 June falling 51.9% against 58.8 crore for the same quarter last year. Net sales declined 20.6% to 266 crore in Q1 June 2020 over 335.20 crore in Q1 June 2019.

From the beginning of the year, Dr Lal Pathlabs gained 42% against a fall of 2% in the benchmark index, Sensex. The scrip soared 78.90% from its 52-week low of 1,181.80 hit on 24 March 2020, while Sensex was up 58%.

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Published: 12 Oct 2020, 03:30 PM IST
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