Infosys settles lawsuits against US unit over cyber incident

Infosys settles lawsuits against US unit over cyber incident for $17.5 million
Indian IT services provider Infosys on Friday said it had reached an agreement with the plaintiffs of lawsuits pending against its U.S. unit over the 2023 cyber incident. Infosys McCamish Systems has agreed to pay $17.
Infosys McCamish settles $17.5M cyber case as AI security gains urgency
Indian IT services provider Infosys announced on Friday that it has reached a settlement agreement with plaintiffs involved in lawsuits against its U.S. unit over a 2023 cyber incident.
Infosys reports agreement in principle to settle McCamish class action suits
Infosys (INFY) stated in a notice to the Stock Exchange of India: “In continuation to our statement dated November 3, 2023 and subsequent
Infosys Settles Cyber Incident Lawsuits for $17.5 Million
The lawsuits stemmed from a cyberattack that occurred in November 2023, which disrupted operations at Infosys McCamish Systems, a subsidiary specializing in insurance and retirement services. The breach resulted in the non-availability of certain applications and systems,
Cybersecurity: Infosys' US unit to pay $18mn fine
Infosys McCamish Systems, impacted by a 2023 cybersecurity incident, will pay $17.5 million to resolve class-action lawsuits. The settlement follows mediation with plaintiffs and covers allegations against IMS and some customers.
Infosys agrees to pay $17.5 million to settle pending lawsuits over McCamish Systems 2023 cyber incident
Infosys on Friday said it had reached an agreement with the plaintiffs of lawsuits pending against its U.S. unit over the 2023 cyber incident. Infosys McCamish Systems has agreed to pay $17.5 million into a fund to settle all the pending class action lawsuits and resolve all allegations made in the incident.
Infosys To Pay Whopping Rs 145 Crore To Settle Lawsuits In McCamish Cyber Security Incident
Tech giant Infosys, on Friday said that the company has agreed to pay a whopping $17.5 million to settle the lawsuits pertaining to the McCamish cyber security incident. In a statement on exchanges, Infosys said that Infosys McCamish Systems (IMS),
Infosys, Wipro can trigger more downsides in Nifty IT index: Anand James
Nifty IT enters bear market amid US slowdown fears, breaking key supports. Defence stocks rise on EU spending boost. IndusInd ...
Infosys CTO Reveals How To Be An AI-First Company
Rafee Tarafdar has executed this transformation at both Infosys and clients, and says it comes down to data, business value ...
Rediff Money2h
Top 10 Indian Companies Mcap: Infosys, TCS Hit Hard
Market cap of five top Indian firms declined by Rs 93,357.52 crore, with Infosys and TCS taking the biggest hit. Read more ...
Mcap of five of top-10 most valued firms declines Rs 93k cr; Infosys, TCS hit hard
The combined market capitalisation of five of the top-10 most valued firms declined by Rs 93,357.52 crore, with IT giants ...
SHOCKING! Value of 5 of top 10 companies decreased by ₹93,358 crore: Infosys, Reliance top losers, but THIS Bank was top gainer
Apart from Infosys, Tata Consultancy Services (TCS) lost Rs 35,801 crore, Hindustan Unilever (HUL) lost Rs 6,567 crore, SBI ...
Meet maximum stakeholder in Infosys, not Narayana Murthy, Sudha Murty, Rohan Murty, Akshata Murty, it is...
While co-founder Narayana Murthy and his family still own a notable share, the biggest shareholder is not from the Murthy ...
Infosys cofounder Narayana Murthy: Somehow it has become a fashion in India to ...
NR Narayana Murthy, co-founder of Infosys, emphasized at TiECon Mumbai that many so-called AI systems in India are merely ...
‘Treat employees as humans…’ Infosys’s Narayana Murthy, after supporting ‘70 hour work week’, now says ‘reduce gap between…’
By clicking “Accept All Cookies”, you agree to the storing of cookies on your device to enhance site navigation, analyze site ...