Data breach case: US court approves Infosys McCamish's proposed $17.5 million settlement
The Economic Times
A US court approved Infosys McCamish's $17.5 million settlement following a 2023 data breach affecting over 57,000 clients.Summary
A US court has granted final approval to a $17.5 million settlement resolving class-action lawsuits against Infosys McCamish stemming from a 2023 cybersecurity breach. Bank of America identified the breach, which impacted over 57,028 of its customers, and traced the source to Infosys McCamish Systems. The incident occurred on October 29, 2023, and was discovered the following day. Infosys stated that the settlement will resolve all pending lawsuits and allegations without admitting liability, provided there are no appeals within 30 days. The funds will be used to compensate those affected by the data compromise.
(Source：The Economic Times)