In a recent disclosure to the stock exchanges, Tata Technologies Limited announced that it has been the victim of a ransomware attack affecting some of its IT assets.
Tata Technologies, headquartered in Pune, India, is a subsidiary of the Tata Group, known for its expertise in product development and digital solutions with a strong focus on the automotive, aerospace, and heavy machinery industries.
The company operates globally, with operations in North America, Europe, and Asia, providing services that range from product lifecycle management to manufacturing solutions.
The incident was detailed in a company statement dated January 31, 2025, where the company informed stakeholders about the breach.
According to the official communication, the ransomware incident led to the temporary suspension of some IT services.
However, Tata Technologies emphasized that their client delivery services remained fully operational and unaffected during the incident.
The company has since restored the suspended services, ensuring continuity in operations.
The statement, signed by Vikrant Gandhe, Company Secretary of Tata Technologies, was directed to both the BSE Limited and the National Stock Exchange of India Limited.
“Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, this is to inform you that the Company has become aware of a ransomware incident that has affected a few of our IT assets.”
It noted, “Further detailed investigation is underway in consultation with experts to assess the root cause and to take remedial action as necessary.”
The company also reaffirmed its commitment to maintaining high security and data protection standards, stating ongoing efforts to mitigate any potential risks from the attack.
This cyber-security incident comes when India has seen a significant rise in ransomware attacks, with a 55% increase noted in 2024, mainly targeting the industrial sector.
Tata Technologies, known for providing outsourced engineering and digital transformation services to global manufacturing clients, has reassured stakeholders that they are actively managing the attack’s aftermath.
This incident underscores the growing cybersecurity challenge for corporations, especially those in sectors like engineering and technology, where data integrity and service continuity are paramount.
As investigations continue, the focus will be on understanding the full scope of the breach and ensuring robust defenses against future cyber threats.
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