Tata Technologies Confirms Ransomware Incident, Ensures Data Security

Tata Technologies has confirmed that it suffered a ransomware attack, leading to a temporary suspension of some of its IT services. The company has successfully restored these services and assured that its client delivery operations remained fully functional and unaffected throughout the incident.

In an official statement, Tata Technologies mentioned, "As a precautionary measure, some of the IT services were suspended temporarily and have now been restored. Our client delivery services have remained fully functional and unaffected throughout."

The company has launched a detailed investigation in collaboration with cybersecurity experts to determine the root cause of the breach and implement necessary remedial actions. "Further detailed investigation is underway in consultation with experts to assess the root cause and to take remedial action as necessary. We remain committed to the highest standards of security and data protection and are taking all necessary steps to mitigate any potential risks," the company added.

Tata Technologies, a key player in the Tata Group, specializes in engineering research and development (ER&D) for the manufacturing sector, primarily in the automotive industry. The company provides outsourced engineering and digital transformation services to global manufacturers, assisting them in designing, developing, and delivering superior products.

Understanding Ransomware Attacks: Ransomware is a form of malicious software that encrypts a victim’s data, demanding payment (ransom) for restoring access to files and networks. According to cybersecurity firm CrowdStrike, ransomware incidents have been increasing, posing a serious threat to businesses globally.

A recent CyberPeace report highlights a 55% rise in ransomware cases in 2024, with 98 recorded incidents compared to 63 in the previous year. Additionally, India ranks second in the Asia-Pacific and Japan region in terms of ransomware attacks, as per the 2024 Zscaler ThreatLabz Ransomware Report. The report indicates that the manufacturing sector remains the most targeted, accounting for 28.89% of attacks, followed by healthcare (8.9%), financial services (8.9%), technology (6.67%), and pharmaceuticals (6.67%).