**Meta:** Infosys settles U.S. lawsuits over cyber incident with $17.5 million fund.
**Content:**
### Infosys Reaches Settlement in Cyber Incident Lawsuits
**Who:** Infosys, specifically its U.S. unit, Infosys McCamish Systems.
**What:** Reached an agreement to settle pending class action lawsuits related to a 2023 cyber incident.
**When:** The announcement was made on Friday, following the incident disclosed in November 2023.
**Where:** The lawsuits are associated with Infosys’s operations in the United States.
**Why:** To resolve allegations stemming from a cybersecurity event that affected certain applications and systems.
### Settlement Details
– **Amount:** Infosys McCamish Systems will pay $17.5 million into a fund.
– **Purpose:** This fund is intended to settle all pending class action lawsuits and address all allegations related to the cyber incident.
### Background of the Cyber Incident
In November 2023, Infosys disclosed that its McCamish Systems unit was impacted by a cybersecurity event. This incident led to the unavailability of certain applications and systems.
– In April 2023, Infosys reported that, in collaboration with its third-party vendor eDiscovery, it identified up to 6.5 million individuals whose information was subject to unauthorized access and data exfiltration.
### Conclusion
The settlement marks a significant step for Infosys in addressing the legal challenges arising from the cyber incident. How do you think companies can better protect themselves against such cybersecurity threats in the future?
**FAQs:**
**Q: What was the nature of the cyber incident involving Infosys?**
A: The cyber incident involved unauthorized access and data exfiltration affecting up to 6.5 million individuals’ information.
**Alt Text:** Infosys settles lawsuits related to cyber incident with $17.5 million fund.
**URL Slug:** infosys-settlement-cyber-incident-lawsuits
