Infosys McCamish Systems Details

    Organization Logo

    Infosys McCamish Systems

    Atlanta, Georgia • 320000 employees • Technology

    https://www.infosysbpm.com
    United States

    Industry

    Technology

    Security Incidents

    1

    Infosys McCamish Systems LLC specializes in providing life insurance and retirement services. The company is a subsidiary of Infosys BPO Ltd, which is itself a part of Infosys Limited. Infosys McCamish Systems delivers a range of policy administration and related services, leveraging technology to enhance efficiency and customer satisfaction within the insurance sector.

    Founded as a part of Infosys Limited's expansion into insurance and retirement services, Infosys McCamish Systems has benefited from the global reach and technological prowess of its parent company. Infosys Limited, an IT and ...
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    Security Incidents

    Infosys McCamish Systems Breach of Nov 2023
    Severity Score
    Significant

    Type

    Data Breach

    Summary

    In November 2023, Infosys McCamish Systems (IMS) discovered unauthorized access to its network, resulting in the breach of sensitive personal information—including names, addresses, dates of birth, and Social Security numbers—of certain Bank of America customers. The breach stemmed from a cyberattack claimed by the LockBit ransomware gang, affecting company systems between October 29 and November 2, 2023. IMS reported to the SEC that the incident disrupted certain applications and estimated losses of at least $30 million. An in-depth investigation confirmed that data was exfiltrated, impacting...
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    Severity

    The Infosys data breach, driven by the LockBit ransomware gang, compromised highly sensitive personal information of over 6 million individuals, including names, Social Security numbers, medical records, and financial details. This breach represents a major incident due to the sophistication of the attack, the extent of the data exposed, and the significant risk of identity theft and fraud posed to the affected individuals. Additionally, restoring impacted systems took nearly two months and resulted in substantial financial losses, estimated to be at least $30 million. Given these factors, thi...
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    Impact

    The Infosys McCamish Systems (IMS) incident was ultimately attributed to a ransomware attack by the LockBit gang, which culminated in a significant data breach. The personal information of 6,078,263 individuals, including names, Social Security numbers, financial account information, medical information, biometric data, and passport numbers, was exfiltrated. Notably, the cyberattack also disrupted certain systems and applications, with full restoration taking until the end of December 2023. Besides consumer data, the attack incurred substantial financial losses of at least $30 million, and IMS...
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