In a significant cyberattack, Tata Technologies, a prominent Indian multinational engineering and design services company, has fallen victim to a ransomware attack.
The company temporarily paused some of its IT assets as a precautionary measure, which has now been fully restored.
However, the Client delivery services were fully functional after the cyberattack and remain unaffected.
“This is to inform you that the Company has become aware of a ransomware incident that has affected a few of our IT assets,” the company said in its filing with the Indian stock exchanges, BSE & NSE.
“As a precautionary measure, some of the IT services were suspended temporarily and have now been restored. Our Client delivery services have remained fully functional and unaffected throughout.”
While the company did not disclose specific details about the ransomware attack, it said it is conducting a detailed investigation in collaboration with cybersecurity experts to assess the root cause and take necessary remedial action.
“We remain committed to the highest standards of security and data protection and are taking all necessary steps to mitigate any potential risks,” the notice added.
Meanwhile, Tata Technologies reassured its stakeholders that it was taking swift action to mitigate the impact and prevent further damage. “Our primary focus is on restoring operations while ensuring that any stolen or compromised data does not fall into the wrong hands,” said a spokesperson from the company.
For those unaware, Tata Technologies is a subsidiary of the Tata Group that provides innovative solutions to sectors such as automotive, aerospace, and industrial machinery.
As of now, no ransomware gang has claimed responsibility for the cyberattack on Tata Technologies, nor has the company disclosed whether it paid a ransom demand.
Keep watching this space for more updates, as this story is developing!
