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Business News/ Companies / News/  Infosys subsidiary hit by cyber security attack; investigation launched to identify overall impact
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Infosys subsidiary hit by cyber security attack; investigation launched to identify overall impact

Infosys said it is working with a cyber security company to resolve the issue and that it had launched an investigation to identify the potential impact on systems and data.

FILE PHOTO: The Infosys logo is seen at the SIBOS banking and financial conference in Toronto, Ontario, Canada. REUTERS/Chris Helgren/File Photo (REUTERS)Premium
FILE PHOTO: The Infosys logo is seen at the SIBOS banking and financial conference in Toronto, Ontario, Canada. REUTERS/Chris Helgren/File Photo (REUTERS)

Infosys announced on Friday, November 3, that its US unit, Infosys McCamish Systems, was impacted by a cyber security event, resulting in the non-availability of certain applications and systems.

The IT services major said it is working with a cyber security company to resolve the issue and that it had launched an investigation to identify the potential impact on systems and data.

‘’Data protection and cybersecurity are of utmost importance to us. We are working with a leading cybersecurity products provider to resolve this at the earliest and have also launched an independent investigation with them to identify potential impact on systems and data,'' said Infosys in a regulatory filing to the stock exchanges.

Infosys McCamish Systems (“IMS") is a subsidiary of Infosys BPM Limited (a wholly owned subsidiary of Infosys Limited).

Also Read: Infosys Q2 Results: Net profit rises 3.17% to 6,212 crore, revenue up 7%; dividend declared

Meanwhile, Infosys on Friday also announced a new proximity centre in Sofia, Bulgaria as part of its continued growth in Europe.

In line with Infosys’ strategy to amplify human potential by hiring local talent, the new centre will enable Infosys to attract, re-skill, and up-skill 500 new employees, the company said in a statement.

In the next next four years, the new employees will work on global opportunities around next-gen digital technologies in IoT, 5G and software engineering.

Earlier this month, the second largest software services exporter announced its earnings for the second quarter of FY24. The company's net profit rose 3.17 per cent to 6,212 crore, compared to 6,012 crore in the corresponding period last year. 

The Bengaluru-based company has narrowed its revenue growth guidance for the full year at the upper end to 1-2.5 per cent. Infosys also declared an interim dividend of 18 per equity share with the record date as October 25.

The attrition rate came down to 14.9 per cent in the September quarter, while headcount was lower by 7,530. The total headcount in Q2FY24 stands at 3,28,764, compared to 3,36,294 in the previous quarter.

 

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Published: 03 Nov 2023, 05:18 PM IST
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