Excerpt from Timesofindia Article, Published on Nov 06, 2023
Infosys subsidiary McCamish Systems, based in the United States, has fallen victim to a ransomware attack. While Infosys has not yet disclosed the extent or specifics of the attack, reports suggest it may involve a ransomware variant, with further details pending a comprehensive investigation.
McCamish Systems, a part of Infosys BPM, acknowledged the cyber incident in a stock exchange filing, revealing that certain applications and systems were rendered unavailable due to the attack. McCamish Systems primarily serves the financial services sector, providing support for life insurance, annuity products, and retirement plans. It also acts as a software reseller for industry-specific clients. Infosys acquired McCamish in 2009.
In response to the incident, Infosys stated, “Infosys McCamish Systems, an advocate for robust data protection and security, is actively implementing measures to mitigate the risks stemming from this incident.”
Although there have been speculative theories about the attack’s motivation, one of the funnier ones claims that Narayana Murthy, a co-founder of Infosys, may have made a statement calling for longer working hours in the IT and software sectors to show commitment and competitiveness.
Similar cyberattacks have targeted other IT firms in the past, such as Cognizant and Wipro, underscoring the persistent cybersecurity challenges faced by the industry.
To delve deeper into this topic, please read the full article on Timesofindia.