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.

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. In November 2023, Infosys had disclosed that Infosys McCamish Systems was impacted by a cyber security event, resulting in the non-availability of certain applications and systems.

McCamish, bought by Infosys BPM in 2009, is a platform-based BPO firm that provides life insurance and retirement software solutions and service offerings in the US

IT services major Infosys Ltd on Friday (March 14) said its subsidiary Infosys McCamish Systems LLC has reached an agreement in principle to settle six class action lawsuits in the United States related to a cyber incident reported in November 2023.

The Bengaluru-based firm said the proposed deal would settle all the pending class action lawsuits and resolve all allegations made in this matter

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),