Cognizant is expected to take an impact of loss of $50-$70 million in its revenues in the current quarter due to the Maze ransomware attack.
IT major Cognizant has been hit by a ransomware attack that compromised personal information of a huge chunk of its corporate credit cards, which were issued to its employees.
The attack by the Maze ransomware occurred in April, and Cognizant informed its employees that their personal data including names and account numbers of company corporate credit cards was compromised.
“A limited amount of personal data (of associates) was compromised before the attack was contained on May 1. Vast majority of the information consisted of names and account numbers (and no other personal information) from some American Express cards,” reports quote Cognizant as saying in a mail to employees.
Cognizant is expected to take an impact of loss of $50-$70 million in its revenues in the current quarter. The company has roped in FBI to investigate the matter.
There is no information on whether the impacted employees were only based in the US, or if employees from other geographies were impacted as well.
Cognizant has also told its employees that those who held the corporate credit card will be given access to credit card monitoring, dark web monitoring, and restoration services for free, even to those whose data was not compromised in the attack.
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