Infosys to Pay Rs 1,521 Crore for McCamish Systems’ Data Breach
In a recent development, Infosys, the Indian IT giant founded by Narayana Murthy, has agreed to a payout of Rs 1,521,444,208 (around Rs 1,521 crore) as a result of a data breach that occurred at McCamish Systems in 2023. McCamish Systems, a part of Infosys, experienced a major security breach, which led to the exposure of sensitive customer information.
The breach affected various clients, causing concerns about the safety of their data. As part of the settlement, Infosys has agreed to compensate the affected parties and take steps to improve its cybersecurity measures.
The data breach has raised significant questions about the safety and security of personal and financial information stored by companies. It also highlights the growing importance of strong cybersecurity practices in the digital age.
Infosys has stated that they take this matter very seriously and are working to ensure that such incidents do not occur again in the future. The company is also cooperating with the authorities to investigate the breach thoroughly.
This payout is part of a legal settlement, and Infosys aims to resolve the issue while continuing to work on enhancing its data protection systems. This incident serves as a reminder to companies worldwide about the need to invest in robust cybersecurity measures to protect customer data from potential threats.
