Indian information technology company HCL Technologies reported a ransomware attack to regulators on Wednesday and said it was investigating the incident.
In a deposit to the National Stock Exchange of India, the company said it had “become aware of a ransomware incident in an isolated cloud environment for one of its projects.”
“No impact has been observed due to this incident on the entire HCLTech network. Cybersecurity and data protection are a top priority for HCLTech,” said company secretary Manish Anand.
“A detailed investigation is underway in consultation with relevant stakeholders to assess the root cause and take necessary corrective measures. This is for your information and records.
Noida-based HCL Technologies is one of the world’s largest technology companies with over 225,000 employees across 52 countries. The company reported revenue of $13 billion for fiscal 2023. Shares of HCL Technologies fell 3.24% on Wednesday.
This is the latest ransomware attack in 2023 targeting a major Indian company. The country’s largest pharmaceutical manufacturer, Sun Pharmaceuticals, confirmed ransomware attack in regulatory filings in March, warning that the incident involved the theft of corporate data and personal information.
Tata Power reported a cyber attack in October 2022, which affected its billion-dollar energy business. Tata did not call the incident a ransomware attack, but said it was forced to “recover” the systems and segment the affected networks to protect other parts of its business.
In April, India’s Computer Emergency Response Team (CERT-In) said who reported ransomware attacks against organizations in the country increased by 53% throughout 2022.
“IT and IT services were the most affected sectors, followed by finance and manufacturing. Ransomware actors have targeted critical infrastructure organizations and disrupted critical services in order to exert pressure and obtain payment of ransoms,” they said.
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