June 28, 2024 at 02:14PM
IMS, a multinational corporation specializing in business consulting and IT services, experienced a LockBit ransomware attack in November 2023, compromising sensitive data of over 6 million individuals. The impacted data includes personal and financial information, prompting IMS to offer identity protection and credit monitoring services. The incident affected organizations such as Oceanview Life and Annuity Company.
From the meeting notes you provided, it is clear that Infosys McCamish Systems (IMS) suffered a significant data breach due to a LockBit ransomware attack. The attack impacted sensitive information of more than six million individuals, including a variety of personal data such as Social Security Numbers, financial account information, and biometric data.
IMS is a multinational corporation providing business consulting, information technology, and outsourcing services, with a strong presence in the U.S., serving large financial institutions such as Bank of America and top insurers in the country.
To address the breach, IMS notified impacted organizations and individuals and is providing free-of-charge identity protection and credit monitoring services through Kroll for a period of two years.
Notably, Oceanview Life and Annuity Company (OLAC) has been disclosed as one of the impacted clients, with the possibility of additional impacted clients being added as more customers request to be named in the filing.
The company’s proactive response and communication with affected parties demonstrate its commitment to addressing the security incident in a responsible and transparent manner.