Indian tech giant Tata Technologies hit by ransomware attack

Tata Technologies Ltd. had to suspend some of its IT services following a ransomware attack that impacted the company network.

A subsidiary of Tata Motors, Tata Technologies is an Indian public multinational tech firm that focuses on automotive design, aerospace engineering, and R&D engineering in general.

It is one of India’s key tech developers and state project contractors, employs over 11,000 people, has an annual revenue of $600 million, and operates 18 locations in India, North America, Europe, and Asia-Pacific.

The company says in a notification today to India's national stock exchange that the ransomware attack that has temporarily affected IT assets that now have been restored.

Client delivery services remained fully operational through the cyberattack, though, causing no impact on customer operations.

“This is to inform you that the Company has become aware of a ransomware incident that has affected a few of our IT assets,” reads the public notice.

“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 reports.

A detailed investigation is underway in collaboration with cybersecurity experts, and more details will be disclosed when available.

At the time of writing, no major ransomware groups have claimed the attack on Tata Technologies. It is also unclear if the attacker managed to steal any data from the company.

Ransomware attacks, even if caught before the encryption stage, typically involve data theft. In the case of tech firms, such incidents could result in corporate, confidential data being exposed, which could cause damage to their intellectual property and technological portfolio.

In October 2022, the now-defunct Hive ransomware group claimed an attack against Tata Power, India’s largest integrated power company.

The threat actor stole and leaked data on its extortion portal on the dark web, including engineering schematics, financial and banking records, as well as personal client information.