Data breach case: US court approves Infosys McCamish's $17.5 mn settlement
A US court approved a $17.5 million settlement for class action lawsuits against Infosys McCamish following a 2023 data breach.Summary
A US court has granted final approval to a $17.5 million settlement proposed by Infosys McCamish Systems to resolve class action lawsuits stemming from a 2023 data breach. Bank of America identified Infosys McCamish Systems as the source of the breach, which impacted 57,028 customers, with the incident occurring in October 2023. The settlement fund will cover all pending lawsuits related to the cybersecurity incident. According to Infosys, the agreement will resolve all allegations without admitting liability, provided it isn't appealed within 30 days. The Bengaluru-headquartered IT major stated that the proposed agreement would settle all the pending class action lawsuits and resolve all allegations made in this matter.
(Source：Business Standard)