Infosys to pay $17.5M over McCamish cyber attack
The Bengaluru-based IT giant has agreed to pay $17.5 million, settling six class action lawsuits against its subsidiary Infosys McCamish Systems (IMS) and some of its clients. The company said the proposed agreement would settle all pending class action lawsuits (without admitting any liability) once approved.
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 to pay USD 17.5 million to settle lawsuits over McCamish Cyber incident
BENGALURU: Infosys McCamish Systems, a subsidiary of Infosys BPM, will pay USD 17.5 million to settle all the pending class action lawsuits.In a filing, Infosys said, "Infosys has reached an agreement in principle with the plaintiffs of these lawsuits pending against Infosys McCamish Systems LLC and a few McCamish’s customers.
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 m
Infosys settles $17.5 mn class action over US cyberattack, data breach
Infosys will make payments of $17.5 mn towards settlement of US lawsuits for a cyberattack that led to data being breached.
Infosys McCamish data breach latest news: IT giant settles lawsuits for massive Rs 152.16 crore
Infosys has reached an agreement in principle with the plaintiffs.In 2024, Bank of America named Infosys McCamish Systems (IMS) as the source of a data leak due to a ransomware attack suffered by over 57,
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.
Narayana Murthy’s Infosys agrees for Rs 1,521,444,208 payout over McCamish Systems' data breach 2023 incident
The cybersecurity incident involves the company’s Infosys McCamish Systems (IMS), a subsidiary of Infosys BPM which has agreed to pay $17.5 million (Rs 1,521,444,208) to address all remaining class-action suits and remove allegations against the company’s US unit.
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 agrees to pay $17.5 million to settle lawsuits over McCamish cyber incident
The Bengaluru-based firm said the proposed deal would settle all the pending class action lawsuits and resolve all allegations made in this matter
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),
CRN1y
Infosys Probes ‘Cybersecurity Event’ At US Unit
Infosys in its regulatory notice said it is investigating the incident. “Infosys McCamish Systems (“IMS”), a subsidiary of Infosys BPM Limited (a wholly owned subsidiary of Infosys Limited ...
India.com1d
Infosys going to pay USD 17.5 million to settle this lawsuit over….
The lawsuits stemmed from a cyber incident in November 2023, which caused disruptions for the company’s subsidiary Infosys McCamish Systems (IMS). This resulted in the unavailability of certain ...