Indian IT services provider Infosys on Friday said it had reached an agreement with the plaintiffs of lawsuits pending against its U.S. unit over the 2023 cyber incident. Infosys McCamish Systems has agreed to pay $17.

Indian IT services provider Infosys announced on Friday that it has reached a settlement agreement with plaintiffs involved in lawsuits against its U.S. unit over a 2023 cyber incident.

Infosys has agreed to a $17.5 million settlement for lawsuits related to a 2023 cyber data breach at its US subsidiary, Infosys McCamish Systems. The breach exposed data of 6.5 million individuals and impacted McCamish customers.

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The cyber incident was first disclosed by Infosys in a stock exchange filing in November 2023. The company said it was working with a cybersecurity products provider to resolve the issue and had launched an independent investigation to assess the impact.

Infosys will make payments of $17.5 mn towards settlement of US lawsuits for a cyberattack that led to data being breached.

Infosys McCamish Systems, impacted by a 2023 cybersecurity incident, will pay $17.5 million to resolve class-action lawsuits. The settlement follows mediation with plaintiffs and covers allegations against IMS and some customers.

Infosys on Friday said it had reached an agreement with the plaintiffs of lawsuits pending against its U.S. unit over the 2023 cyber incident. Infosys McCamish Systems has agreed to pay $17.5 million into a fund to settle all the pending class action lawsuits and resolve all allegations made in the incident.

Tech giant Infosys, on Friday said that the company has agreed to pay a whopping $17.5 million to settle the lawsuits pertaining to the McCamish cyber security incident. In a statement on exchanges, Infosys said that Infosys McCamish Systems (IMS),