Indian IT services provider Infosys has reached an agreement with the plaintiffs of lawsuits pending against its US unit over the 2023 cyber incident.
Infosys McCamish Systems has agreed to pay US$17.5 million ($27.6 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.
In April last year, Infosys said McCamish, in coordination with its third-party vendor eDiscovery, identified up to 6.5 million individuals whose information was subject to unauthorised access and data exfiltration in the incident.
