Wipro’s Ongoing Critical Business Not Impacted By Cyber Attack

Wipro Ltd on Friday said that the recently reported cyber attack on few of its employee accounts have had no impact on the company’s “ongoing critical business.”

In a filing to the exchanges, the IT services major said that upon learning of the attack it initiated standard operating procedure and investigated the incident, identified and isolated the employee accounts which were impacted, took remedial steps to contain the incident and mitigate any potential effects of the incident.

“The company also informed the handful of customers where the affected employees are engaged,” Wipro said.

It said that used its industry-leading cyber security practices and partner ecosystem for remedial steps and shared this intelligence with its partners to develop the AntiVirus signatures.

“The same has been applied to our enterprise systems. We are collaborating with our partner ecosystem to collect and monitor advanced threat intelligence for enhancing our security posture. We continue to monitor our enterprise infrastructure at heightened level of alertness operations,” it said.

On Tuesday, Wipro said some of its employee accounts may have been hacked due to an advanced phishing campaign and that the company had launched an investigation to contain any potential impact.

Cyber security blog KrebsOnSecurity had said Wipro’s systems had been breached and were being used to launch attacks against some of its clients.

Wipro reported better-than-expected revenue growth for Jan-Mar but offered a disappointing revenue growth outlook of -1% to 1.0% for the June quarter.

Wipro, India’s fourth largest IT services company by revenue, also announced a bonus of one free share for every three shares held by shareholders. The Wipro board also approved a Rs. 10,500 crore buyback plan under which it will acquire up to 323 million shares at Rs. 325 apiece.―Livemint