Infosys Limited has informed the Exchange regarding 'Disclosure Under Regulation 30 Of SEBI LODR Regulations'.
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Infosys McCamish Systems (IMS), a subsidiary of Infosys BPM, has settled a regulatory matter with the Oregon Attorney General's Office related to a 2023 cyber data breach. The Oregon AG had raised concerns that IMS may have violated the Oregon Consumer Information Protection Act and the Oregon Unlawful Trade Practices Act over inadequate breach notification. Under the Assurance of Voluntary Compliance (AVC), IMS will pay $225,000 within thirty business days. Importantly, the agreement explicitly states that IMS is not admitting to any violation or factual wrongdoing, and the AVC does not include any finding of guilt. This is an update to Infosys's earlier disclosure from March 14, 2025 regarding the same cyber incident.
The $225,000 settlement amount is immaterial to Infosys's overall financials and the matter is now closed without any admission of liability. Shareholders are unlikely to see a meaningful impact on the stock price; the announcement mainly closes a lingering disclosure from the 2023 breach.