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The issue of an alleged data breach at Tata Electronics that reportedly exposed sensitive information related to Apple's unreleased iPhone model is currently under examination, and both entities are satisfied they haven't lost much on commercial parameters, a senior IT Ministry official said on Monday. The government had earlier said that the incident was reported to the Indian Computer Emergency Response Team (CERT-In). CERT-In is the national nodal agency for responding to computer security incidents. "We are studying what is happening on that issue. But on the commercial aspect, we understand that both the current entities involved are broadly satisfied that they have not lost anything... they are not very concerned about that. So this is what we understand from those entities," IT Secretary S Krishnan told reporters on Monday. Krishnan's comment comes in the wake of reports that details of components and suppliers, along with Apple's iPhone 18 Pro model photos were put on the d
A US court has given its final approval for the proposed settlement of class action lawsuits against Infosys McCamish, according to a BSE filing by Infosys on Saturday. Under the proposed terms, Infosys McCamish Systems had agreed to pay USD 17.5 million into a fund to settle all the pending class action lawsuits related to a cybersecurity incident in 2023, which identified the Infosys subsidiary as the main source. If the settlement is not appealed within 30 days, "it will become effective and resolve all allegations made in the class action lawsuits without admission of any liability", Infosys said. In February 2024, Bank of America named Infosys McCamish Systems as the source of a data breach that it said affected 57,028 customers. As per the notification, the breach occurred on October 29, 2023, and was discovered on October 30 that year. The Bengaluru-headquartered IT major said the proposed agreement would settle all the pending class action lawsuits and resolve all allegati
The average cost of an organisation for a data breach has risen 13 per cent to Rs 22 crore in 2025 from Rs 19.5 crore in the year-ago period, according to a report released on Thursday. However, despite the surge in costs, the security in artificial intelligence is still lacking, the report by global tech major IBM said. Phishing, or the act of sending fraudulent communication to extract personal information, is the top attack vector, with the usage in 18 per cent of incidents, followed by third-party vendor and supply chain promises at 17 per cent, while vulnerability exploitations accounted for 13 per cent. The research sector in India faced the highest impact from data breaches, with average cost reaching Rs 28.9 crore, closely followed by the transportation industry at Rs 28.8 crore and the industrial sector at Rs 26.4 crore. Amid the widespread use of AI, it said nearly 60 per cent of the breached organisations either don't have an AI governance policy or are still developing