Infosys settles lawsuits against US unit over cyber incident for $17.5 million
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Infosys has settled lawsuits against its U.S. unit related to a 2023 cyber incident for $17.5 million.
March 14, 2025 | 4:00 pm
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Infosys has agreed to pay $17.5 million to settle lawsuits related to a cyber incident involving its U.S. unit in 2023.
The settlement of $17.5 million indicates a resolution to the legal issues stemming from the cyber incident, which could have a short-term negative impact on Infosys's stock price due to the financial outlay and potential reputational damage.
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