Infosys’ McCamish Fined Rs 1.04 Cr for Cybersecurity Breach in U.S.

Infosys McCamish Systems LLC, a U.S. subsidiary of Infosys Ltd, has been fined ₹1.04 crore ($125,000) by the New York Department of Financial Services (NYDFS) over a 2020 ransomware attack that compromised over 5 million consumer records.The NYDFS stated that McCamish failed to implement basic cybersecurity measures like multi-factor authentication and timely patching. Although no data misuse was confirmed, the company's delayed reporting and weak protocols led to regulatory action. A consent order was signed, and McCamish has agreed to enhance its internal cybersecurity and conduct regular audits.📌 Key Highlights:₹1.04 crore penalty for cybersecurity governance failuresRansomware breach exposed 5 million recordsLack of timely reporting and cyber hygieneRegulatory crackdown under New York Cybersecurity Regulation⚠️ A strong reminder for tech firms handling sensitive financial data to maintain top-tier cybersecurity practices.#Infosys #CybersecurityBreach #McCamishFine #NYDFS #RansomwareAttack #CyberCrimeAwareness #cyberplatter