IT major Wipro has listed cybersecurity breaches as a potential risk to its business, stating that such attacks could lead to financial obligations to its customers. The development comes weeks after ‘WannaCry’ ransomware hit systems across sectors such as telecommunications and healthcare in over 100 countries.
Wipro, in its filing to the US Securities and Exchange Commission, noted that while there is an increase in the number of connected devices and transition to cloud, the impact of threats is also on the rise. It added that attempts for unauthorised access, malwares, fraud and misuse/loss/tampering of data are also on the rise. – The Hindu Business Line