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 going to pay USD 17.5 million to settle this lawsuit over….
One of the largest multinational technology companies, Infosys, announced on Friday that it has reached a preliminary agreement with the plaintiffs in six class action lawsuits against Infosys McCamish Systems (McCamish) and some of its customers over a "cyber incident.
Infosys to pay $17.5 million to settle data breach case in BPM unit
McCamish, bought by Infosys BPM in 2009, is a platform-based BPO firm that provides life insurance and retirement software solutions and service offerings in the US
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 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
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.
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 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 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),
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