Global automotive and manufacturing software firm Tata Technologies Ltd reported that it was a target of a cyber attack with a ransomware group releasing information on the dark web. Some of the data that may be stolen include business records, employee details and client data. As much as the company has not released an official statement on the effect, cybersecurity specialists are expecting severe repercussions to both, monetary and image. Investigations are underway.

Highlights

• A ransomware group leaked Tata Technologies' data on the dark web.
• The breach may include business records and employee data.
• Cybersecurity experts warn of financial and reputational damage.
• Authorities are investigating to determine the full extent of the breach.
• The company has yet to issue an official confirmation.

The cybersecurity experts revealed that this can lead to financial fraud, regulatory investigations, and legal risks for Tata Technologies. This is particularly due to the fact that information which has been stolen for instance, can be used for pretence or even an organization’s subversion. It helps to emphasize the current threats that companies experience and which encourages the development of more protective methods and measures for cybersecurity.

This particular ransomware group is known for attacking big companies primarily. Hackers usually ask for money so that they can leak leaked information to the public. If the companies decline to go along, information that should be kept confidential gets exposed and is even sold on the dark Internet. This has also brought out the need to embark on preventive measures to avoid such incidence.

Security services and IT professionals are still arguing about the full scale of the damage and how to prevent any further leakage of information. Police suspect that individuals responsible for such attacks have to be pursued and find out whether it was the client or the employees who have been targeted. Specifically, cybersecurity companies advise organizations to strengthen its security measures, conduct periodic assessments and educate staff regarding phishing schemes as well as possible threats.