Infosys: Infosys settles US cyber incident lawsuits for $17.5 million

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Infosys on Friday said that it has agreed to pay $17.5 million (around Rs 152 crore) after it reached an agreement in-principle relating to six lawsuits against Infosys McCamish Systems (McCamish) and few of its customers in a cyber data breach incident.

The lawsuits were in response to the IT major’s US subsidiary’s cyber security breach in November 2023, that exposed approximately 6.5 million individuals’ information to unauthorised access.

“On March 13, 2025, McCamish and the plaintiffs engaged in mediation, resulting in an agreement in…



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Infosys: Infosys settles US cyber incident lawsuits for $17.5 million


Infosys on Friday said that it has agreed to pay $17.5 million (around Rs 152 crore) after it reached an agreement in-principle relating to six lawsuits against Infosys McCamish Systems (McCamish) and few of its customers in a cyber data breach incident.

The lawsuits were in response to the IT major’s US subsidiary’s cyber security breach in November 2023, that exposed approximately 6.5 million individuals’ information to unauthorised access.

“On March 13, 2025, McCamish and the plaintiffs engaged in mediation, resulting in an agreement in…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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