Market Chatter: Infosys Agrees to Pay $17.5 Million to Settle 2023 Cyber Incident Lawsuits

MT Newswires Live03-14

Infosys' (INFY) Infosys McCamish Systems unit agreed to pay $17.5 million into a fund to settle all lawsuits regarding a 2023 cyber incident, Reuters reported Friday, citing the company.

The settlement will resolve all allegations related to the incident, according to the Reuters report.

The company, along with its third-party vendor eDiscovery, identified in April last year that the information of up to 6.5 million individuals was accessed and data exfiltrated in the incident, the report added.

Infosys did not immediately respond to MT Newswires' request for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Price: 18.36, Change: +0.07, Percent Change: +0.36

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