Tata Technologies hit by ransomware attack, halts IT services
What's the story
Tata Technologies, a leading engineering and digital transformation service provider, has confirmed a recent ransomware attack on its systems. The incident resulted in a temporary suspension of certain IT services.
However, now, the company has successfully restored these services and assured that client delivery was not impacted by this security breach.
"As a precautionary measure, some of the IT services were suspended temporarily and have now been restored," the company stated in an official release.
About the attack
What is a ransomware attack?
A ransomware attack is a type of cyberattack where malicious software (ransomware) encrypts a victim's data, making it inaccessible.
The attacker then demands a ransom, usually in cryptocurrency, in exchange for decrypting the data and restoring access.
If the ransom is not paid, the attacker may threaten to permanently destroy the data or release it publicly.
Probing incident
Investigation underway to determine root cause
Tata Technologies has launched a full-fledged investigation to determine the root cause of the ransomware attack. The company is working closely with experts in the process.
"Further detailed investigation is underway in consultation with experts to assess the root cause and to take remedial action as necessary," the firm announced.
Tata Technologies has also reiterated its commitment to keeping the highest standards of security and data protection, taking all necessary steps to mitigate any potential risks associated with this incident.
Scenario
Ransomware attacks in India surged by 55% in 2024
A recent report by CyberPeace reveals a significant 55% increase in ransomware attacks in India in 2024.
The industrial sector was the primary target, accounting for 75% of the attacks.
In July 2024, a ransomware attack hit C-Edge Tech, a service provider to nearly 1,500 cooperative and rural regional banks in India, disrupting payment systems at almost 300 small banks.
Business impact
Tata Technologies's role in global manufacturing and digital transformation
Tata Technologies, a Tata Group subsidiary, mainly caters to the automotive sector.
The company's primary business line involves offering outsourced engineering services and digital transformation solutions to global manufacturing clients.
Even amid the recent ransomware attack, it has been able to keep its client delivery services fully functional and unaffected during this time, resulting in minimal disruption to its operations.