Coforge Limited ( (IN:COFORGE) ) just unveiled an update.
Coforge Limited has disclosed that a complaint has been filed against its subsidiary and the company in the United States District Court in Nevada. The complaint, related to a security incident involving a client in North America, alleges that Coforge’s service desk agents were misled into resetting passwords, leading to unauthorized access to the client’s customer loyalty database. Coforge clarifies that it did not provide core cybersecurity services or have access to the database. The company is assessing its insurance coverage and working with offshore counsel regarding the complaint. Despite the legal proceedings, Coforge continues to provide services to the client without significant impact on its revenue.
More about Coforge Limited
Coforge Limited is a global IT services company that provides a range of services including IT solutions, consulting, and outsourcing. The company focuses on delivering digital transformation services across various industries, with a significant presence in North America.
YTD Price Performance: -23.19%
Average Trading Volume: 21,787
Current Market Cap: 493.5B INR
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