HCLTech investigating ransomware attack on isolated cloud project
IANS
Synopsis
The ransomware incident occurred in an isolated cloud environment for one of HLCTech's projects but there has been no impact observed due to this incident on the overall HCLTech network.
By ETtech
Last Updated:
HCLTech said on Wednesday that one of its isolated cloud environments was subject to a ransomware attack and the company is investigating the matter.
The company added that data protection and cybersecurity is a top priority. “A detailed investigation is underway in consultation with relevant stakeholders to assess the root cause and take remedial action as necessary,” the statement added.
The company’s shares traded flat on the BSE during morning trade. The disclosure was made before the markets opened for trading.
This attack comes at a time when the IT services sector is facing sustained macro-economic headwinds impacting technology spending.
In the past couple of weeks, HCLTech has announced the opening of a new delivery centre in Romania, a five-year deal extension from Swedish manufacturer Husqvarna Group, and a deal from Department of Transport and Planning in Victoria, Australia. The company also saw one of its UK JV partners State Street Corporation part ways by buying out HCLTech’s share for $170 million.
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“This is to inform you that HCLTech has become aware of a ransomware incident in an isolated cloud environment for one of its projects. There has been no impact observed due to this incident on the overall HCLTech network,” the Noida-based company said in an exchange filing on Wednesday. Elevate Your Tech Prowess with High-Value Skill Courses
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The company’s shares traded flat on the BSE during morning trade. The disclosure was made before the markets opened for trading.
This attack comes at a time when the IT services sector is facing sustained macro-economic headwinds impacting technology spending.
In the past couple of weeks, HCLTech has announced the opening of a new delivery centre in Romania, a five-year deal extension from Swedish manufacturer Husqvarna Group, and a deal from Department of Transport and Planning in Victoria, Australia. The company also saw one of its UK JV partners State Street Corporation part ways by buying out HCLTech’s share for $170 million.
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