Infosys McCamish Settles Class Action Lawsuits Over Cybersecurity Breach | Technology
Devdiscourse
Infosys McCamish will allocate $17.5 million to settle class action lawsuits stemming from a 2023 cybersecurity breach.Summary
Infosys has announced that a US court has approved a settlement for class action lawsuits against its subsidiary, Infosys McCamish, related to a 2023 cybersecurity breach. The settlement requires Infosys McCamish Systems to deposit $17.5 million into a fund to resolve all pending lawsuits connected to the breach. The breach was initially identified by Bank of America in February 2024 and impacted 57,028 customers. According to Infosys, the settlement will become effective after 30 days, assuming no appeals are filed, and it does not admit any liability. The information was disclosed in a filing with the Bombay Stock Exchange (BSE).
(Source：Devdiscourse)